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treatment of borrowing cost

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16 June 2009 what is the differnce in the treatment of depreciaton according to AS-6 and according to INCOME TAX ACT,1961
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chetan soni

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chetan soni (Expert)
16 June 2009 Depreciation as per AS6 can be provided as per companies act or as per the rate for reasonable industry standards.

Rates given in income tax is rate to block. Income tax allowes deduction on the basis of rates given in income tax act.

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