I'll run my proprietor business upto september or october 2016 (f.y 2016-17). Then how will I charge depreciation on Fixed assets? Will I charge depreciation for 6 or 7 months out of 12 months? My assets value 642136.99 (computer). Please help..
20 July 2016
You have to calculate Depreciation for Income Tax only & in case the assets has been used for 180 days or more, you can claim full depreciation.
CAclubindia
