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Treatment of Depreciation
In case hire purchase how depreciation charge in income tax with example clarification required
Replies (3)
depreciation on cost of the asset at prescribed rate to hire purchaser
if HP price is 130000 and cost of the asset is 100000, then depri on 100000 to hire purchaser
if HP price is 130000 and cost of the asset is 100000, then depri on 100000 to hire purchaser
Thanks
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