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depriciation

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18 January 2011 whether there is any rule in company's act in respect of asset acquired during the year can be depriciated at fullrate or at half rate like in income tax based on asset put to use or mday wise.please help.
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
18 January 2011 In companies act depreciation has to be provided according to the actual use of the asset in No. of Days.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
18 January 2011 Depn as per companies act calculated on no. of days.
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