Easy Office

Depreciation if assets being used day and night

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
02 June 2016 Dear Experts,
Some assets are being used day and night
For Example..in production machine are being assets day and Night,
plz tell me as per IT act. Will only
15% depreciation be allow
To charge even if the assets
Being used day & Night,

With Warm Regard
Govind kumar
Profile Image

KAVIRAJA ADDANGADI

Profile Image

KAVIRAJA ADDANGADI (Expert)
02 June 2016 Yes, only 15% Depreciation allowed as Per Income Tax Act.
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
02 June 2016 Sir,
NO excess dep. Is allow even if assets
Used day and Night,



Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
02 June 2016 there is no diff. single shift or double shift, rate will remain same.

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


Easy Office

Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links