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explicit depreciation

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(Querist)
26 November 2009 plz explain the concept of explicit depreciation
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Bishwajeet

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Bishwajeet (Expert)
26 November 2009 Sec32(1) of IT act 1961
Provides dep of plant & machinery purchased newly and used for Production purpose in a manufacturing orginazation.
The rate of dep is 20% .If the assets has used less than 180 days rate of Dep will be 10%

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