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Depreciation

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 July 2012 can you please provide a detailed write up on impact of depreciation on taxability
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CA Lokesh Pokharna

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CA Lokesh Pokharna (Expert)
11 July 2012 looking from the point the point of view of income tax --impact is very simple it reduces your profit hence you have to pay less tax...
its a allowable expences which is calculated as per prescribed rates in sec 32 of IT act.

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