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Block of asset

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 April 2014 whether an asset purchased in current yr. but to b used after few years should be added in the block of asset? if it should b added then for the purpose of claiming dep. dp we need to check the asset individually? coz we cannot claim dep. on the asset not being used
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CA SURENDRA KUMAR RAKHECHA

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CA SURENDRA KUMAR RAKHECHA (Expert)
30 April 2014 From the language used in the query; it seems that the asset has not been installed and you may show it as CAPITAL WORK IN PROGRESS.
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Also it seems it is a hypothetical question because the description about the asset has not been explained.
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