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Querist : Anonymous

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Querist : Anonymous (Querist)
26 August 2013 SHOULD DEPRECIATION BE CHARGED ON INTANGIBLE ASSETS ACQUIRED ON 31.MARCH i.e, on last day of the year

FOR EXAMPLE: INTANGIBLE ASSET ACQUIRED ON 31.3.13 THEN CAN WE CHARGE DEPRECIATION FOR FY 2012-13
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CA Mehta Ankur N.

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CA Mehta Ankur N. (Expert)
26 August 2013 Yes u can charge @ half rate. Means u will get allowed half dep.

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