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(Querist)
21 February 2012 Dear Sir,

my company incorporate in apr-2011 & purchase furniture as on 1-03-2012 of Rs. 100000 than how much amount we claimed as depriciation.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
21 February 2012 can be claimed depreciation for 1 month (March-12) as applicable rate under Companies act.
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Guest

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Guest (Expert)
22 February 2012 In case of companies depreciation can be claimed on prorata basis at rate applicable.
In case of income tax act - 50% of rate applicable.
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