Capital asset pending deployment
This query is : Resolved
Divya Agarwal
(Querist)
05 May 2014
experts,
What is Capital Asset Pending Deployment?
How it is to be treated in Accounts & other laws such as IT.
What is Capital Asset Pending Deployment?
How it is to be treated in Accounts & other laws such as IT.
Nikhil Kaushik
(Expert)
05 May 2014
it means an asset which has been bought or constructed but not put to use.
treatment in tax:
no depreciation can be claimed unless the asset is put to use.
Under companies act:
asset to be included in the gross block and depreciation is to be charged.
The primary difference is that you cannot provide depreciation on such asset -
treatment in tax:
no depreciation can be claimed unless the asset is put to use.
Under companies act:
asset to be included in the gross block and depreciation is to be charged.
The primary difference is that you cannot provide depreciation on such asset -
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