Calculation of depriciation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 April 2012
please give me advice, how to calculate depreciation on fixed assets
14 April 2012
According to company law rules apply depreciation on fixed assets with specified rates on the basis of number of days the asset has been put to use.
According to Income Tax, apply depreciation on fixed assets with specified rates on the basis of purchase made before 1st October & afterwards. Suppose asset is purchased before 1st October, apply depreciation at full rate specified. If it is purchased on/after 1st October apply depreciation at half the rate prescribed.
According to Income Tax, apply depreciation on fixed assets with specified rates on the basis of purchase made before 1st October & afterwards. Suppose asset is purchased before 1st October, apply depreciation at full rate specified. If it is purchased on/after 1st October apply depreciation at half the rate prescribed.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- Exiting partner in partnership firm in gst portal
- TDS _Long term Capital Gain ref.sec 214 Table 2
- NRI INSURANCE ADVISOR
- Traces submitting correction statement error
- Average Cost Of High Quality Diamonds
- Taxability of credit in canara bank ET & T section (NRO)
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
