Easy Office
LCI Learning

Depreciation

This query is : Resolved 

Profile Image

Guest

Profile Image

Guest (Querist)
30 September 2014 any machinery purchased on 30th March then what will be the effect of depreciation?

30 September 2014 If the machinery is put to use on or before 31st March then 50% depreciation can be claimed i.e., @7.5% as per IT Act. If eligible then additional depreciation will also be available 50% i.e., 10%.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries