Claiming of depreciation
This query is : Resolved
24 June 2013
One Properitorship converts into Partnership firm on 01.12.2012.It has only one fixed asset named Printer which was purchased on 25.09.2012.for Rs. 5100. on that, Depre claimed at 60%.My Que. is that how much depre. can be claimed in both the concern respectively as per Income Tax Act 1961??
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