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Depreciation

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Querist : Anonymous (Querist)
05 September 2014 One of partnership firm has WDV of computer of Rs.60, Machinery of Rs.40. whether firm can claim whole WDV as depreciation?
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SANTOSH SAGAR K

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SANTOSH SAGAR K (Expert)
05 September 2014 No. Under income tax you cannot claim the entire amount as depreciation. Block of assets method is mandatory.

Apply 60% and 15% respectively and file the return.

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