As per the Proviso to Section 32(1)...

50% of the depreciation is allowed, if the asset is put to use for less than 180 days in the previous year..

but if an asset is purchased in Jan 2007 but put to use on Dec 2008, the restriction of 50% of depreciation will not apply i.e. for A.Y. 2009-10 (F.Y. 2008-09) depreciation on the respective asset will be charged at 100% and no depreciation will be charged for the A.Y. 2008-09 (F.Y. 2007-08) as the asset is put to use in the next year.

However, if the asset is put to use in April, 2009, will the respective asset be eligible for depreciation in A.Y. 2009-10 (F.Y. 2008-09), considering the put to use principle...!!!!!

I need IGP lectures on MAFA by CA Ashish Kalra, but being old scheme unable to find the same with the known book sellers. If anyone can help pls..

My principle terminated my friend with a date 31.10.2008.she cleared her second group in this exam.but as on 01.11.2008 she was nt in service.to be honest she cudn send the new deed with her new principal yet.I have heard that we ve to be ibn service as on 01.11.2008 to clear the exams.I feel she may ask her new principal to give her date of joining articleship as at 01.11.2008..IF HE REJECTS WHAT SHE CAN DO?In the results declared by institute she has cleared the exams..How institute will now be checking she has been in service as on 01.11.2008?What she can do?

Hello Sir,

First thank you very much for your reply.
In your response to my query relating to CA Final NOTES you suggested authors for each subject. Could you please let me know whether they are Books OR Notes in the form of books coz I wanna purchase Notes.

Thank you.

please tell me in detail about industrial
traning. i am waiting for my C.A. p.c.c.
results of both groups given in nov.08 .
i am woking in a middle firm but if i join
industrial traning then company will not
give any leave for study and with no practice how can i give exam in nov.2010 for
c.a.final so i am confused and want to know how rank holders do in these type of situation whether to study or do practical
traning with no study time due to heavy work load of big co. work in industrial traning.

is ipcc exam also shifted from nov-09 to dec-09

dear sir,
I have enrolled myself for PCC in Dec' 08 and i started my articleship on the 15th dec 08. however now i wish to switch to the new course according to which my IPCC attempt shall be in nov '09 against the otherwise nov '10 in the earlier course.
I have already made a payment of Rs7500 via DD and collected my study materials in Dec'08.
I want to know that now how much will i be required to pay to switch to the new course and can i use the same study materials or whether i have to purchase new study materials. If i have to purchase new study material then what can i do with the old PCC study materials.
Thanking You,
Yours Faithfully,
Ms. Shikha Patel.

This has been written in Divya bhaskar of ahmedabad and our coaching institute ie navkar's faculty is also saying the same.

can anybody post me form 102& 103,at institutes sites is not opening and incurring lots of problem.
Thanks

Can marks be reduced on verification?

I am clearing my grp 1 wid dot 200 marks. I'm getting 32 in IDT and also the total of grp 2 is 186. So for aggregate if i give my law paper (grp 1) for verification then can marks be reduced? because the problem is if marks are reduced then i would be failing in grp 1 also..

Can anyone provide me any written article on this or personal experience or others experience heard where marks are reduced on verification? Pleaseee help