Accounts
This query is : Resolved
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.
my company incorporate in apr-2011 & purchase furniture as on 1-03-2012 of Rs. 100000 than how much amount we claimed as depriciation.
21 February 2012
can be claimed depreciation for 1 month (March-12) as applicable rate under Companies act.
Guest
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.
In case of income tax act - 50% of rate applicable.
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