18 April 2014
As per Companies Act and AS Depre can be claimed from the Date READY TO USE, but at the same time TRIAL and RUN Expenses are Capitalised. WHICH RESULTS INTO CALCULATING DEPRE FROM THE DATE OF COMMERCIAL PRODUCTION
Where as in Income Tax Act there are various judgements saying Depre can be Claimed during the period of Trial production.
If that is the Case than HOW PUT TO USE CAN BE EARLIER THAN READY TO USE..?