Block of asset
This query is : Resolved
Querist : Anonymous
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
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.
.
.
Also it seems it is a hypothetical question because the description about the asset has not been explained.
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