Which act apply for depreciation calculation in partnership

Income tax act, shall be followed for calculating depreciation in case of partnership firm

As the assessee is not a corporate, hence only Income tax act applies.

Hey ankita, IT act is applicable for calculating Tax, what about book keeping. What about depreciation in book keeping. As a partnership firm u can calculate depreciation however u want over its useful life. doesnt have to be IT only. correct me if i am wrong. 

Yes u can calculate it as per accounting standards, but then again for Income taxe u have to change it, so mostly we prefer to keep it same in books and for returns.
So this is the way it is maintained same in both, as if we miss any figures or in case of loss of records we can have it from other. Even if u claim more depreciation, it will be disallowed, so better go hands in hands

Yup that makes sense @ ankita 

thanks