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Depreciation in books

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(Querist)
02 July 2013 In case of individual.Please tell whether depreciation can be kept out of books, they have been taken for the IT act purpose but in books depreciation is not charged
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
02 July 2013 Normal depreciation can be keep in the books, Income tax depreciation can keep out of books only for tax calculations

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