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Depreciation

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(Querist)
16 February 2013 Depreciation Rate as per companies Act are compulsory? can any company keep accounts by using depreciation rates as per income tax act?
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kodiya mohammed asif

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kodiya mohammed asif (Expert)
16 February 2013 Depreciation as companies act is compulsory.

Depreciation as per IT is also compulsory as per IT act

Difference is to be dealt as per AS 22
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dashrath patel

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dashrath patel (Querist)
17 February 2013 Thanks for reply
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