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Depreciation

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(Querist)
21 September 2009 is depreciation mandatory to provide on fixed assets under income tax act. is it ok if we dont claim depreciation on car for FBT purpose, can we do the same?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
21 September 2009 Depreciation is mandatory as per Income tax Act,1961.

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