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Depreciation

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(Querist)
22 September 2008 There is a partnership firm which is under audit. On providing Depreciation in books there is loss due to deprciation. Can depreciation in BOOKS be claimed only to the extent of book profit in books
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CA Pawan Goswami

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CA Pawan Goswami (Expert)
22 September 2008 Full depreciation should be claied.

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