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Depreciation rate as per Co. Act Sch. XIV

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(Querist)
22 June 2011 Deat Sir,

we have purchased customs Books, so what is the depreciation rate as per sch. XIV company act 1956?

Thanking You,
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CA KRISHNA KUMAR DARUKA

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CA KRISHNA KUMAR DARUKA (Expert)
22 June 2011 You can write off the cost of books to P&L a/c in full as expense.

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