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Tag: assets not in use

Income Tax

Assets not in use and Admissibility of deduction towards Depreciation 

Assets not in use and Admissibility of deduction towards Depreciation 
January 7, 2022 0 Comments
Assets not in use and Admissibility of deduction towards Depreciation  As per Sec 32 of the Income Tax Act, Depreciation is calculated on the WDV of a Block of assets. Block of assets is a group of assets falling within a ...
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