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Depreciation as per straight line method
what is the depreciation rate for trust which provides depreciation on straight line method?
1. computer
2. library books
3. kitchen equipment
4. other equipment
Replies (3)
Under Income tax act,1961 depreciation is to be calculated using WDV method only. SLM of depreciation is not allowed.
But the said trust is following slm since many years
Can you please provide me the basis/assumptions on which assessee has calculated the depreciation.
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