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Depreciation

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 July 2010 Depreciation can be claimed on interest paid for the period before put an assets in use which is purchased under installment system(Wonership transferred on the date of delivery)?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
13 July 2010 If the interest is capitalised as per AS - 16 then the same should be considered for depreciation.

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