Depreciation plays a vital role in deciding the taxable profits from business and profession. I am fastening attach over here the depreciation rates chart as per income tax act and depreciation rates as per company act. For the layman, who encounter hardship to comprehend the chart of depreciation rates, depreciation rates in nutshell is also here. So first let’s talk about some common doubt about the depreciation. New asset acquired and put to use for .....
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