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Prior period depreciation

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17 April 2012 What is the treatment of prior eriod depreciation in the books of accounts??.. Do we get deduction of prior period dereciation??
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CA Rakesh Goenka

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CA Rakesh Goenka (Expert)
17 April 2012 As per AS -5 Prior period Item should be disclosed separately in such a manner their impact in current P/L Perceived okay
So Prior period Depreciation show separately
in P/L ok.. As per Income Tax act prior period item are disallowed

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