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Wdv less then 5000/-

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(Querist)
23 March 2013 If any asset have a WDV less then Rs 5000/- can we depreciated fully.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
23 March 2013 Depreciation is the policy of company, as per companies act you can depreciate 100% for the asset value below Rs.5000/- as per income tax act you can claim depreciation as per the block of asset only

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