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Depreciation

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(Querist)
25 March 2013 Dear,

Is it mandatory to charge 100% depreciation on asset cost less than 5000/-

Please help me.
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Rahul Sharma

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Rahul Sharma (Expert)
26 March 2013 if it is newly purchased than eligible for 100% deduction as per companies act if value less than 5000.

as per schedule XIV rate of depreciation.
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Sajeer K

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Sajeer K (Querist)
27 March 2013 Thanks Dear...
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