As per AS depreciation charge from the put to use date and in income tax the put is before 30th sep then depreciation considered for 1year and if after 30th sep then for 6month so we have to add depreciation as per books in working and reduce as per IT.
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Sir, why depreciation as per books is added in profit and depreciation as per the IT act is subtracted from the profit?
As per AS depreciation charge from the put to use date and in income tax the put is before 30th sep then depreciation considered for 1year and if after 30th sep then for 6month so we have to add depreciation as per books in working and reduce as per IT.
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