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Max rate of depreciation under IT rules reduced to 40%

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Maximum rate of depreciation as per Appendix-I of IT Rules reduced to 40% from FY 2016-17. Depreciation rates of 50%, 60%, 80% and 100% abolished. It will lead to more advance tax to be paid in December 2016. #pdf
P C Agrawal

on 10 November 2016

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