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Depreciation

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(Querist)
05 September 2020 if any fixed asset life expired under companies act than i write off the whole value of fixed asset in profit and loss account than what is the tratement of deffered tax and also income tax depreciaiton
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
05 September 2020 Continue to depreciate under income tax and claim deferred tax on write-off.

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