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depreciation on fixed assets

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 June 2010 If the client does not purchased the new fixed asset and he wants to continue same asset for a long period.Is it the valid as per tax laws.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
25 June 2010 There is no problem in the same as long as u can prove that the asset is still in usable condition.

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