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Capital asset pending deployment

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(Querist)
05 May 2014 experts,
What is Capital Asset Pending Deployment?
How it is to be treated in Accounts & other laws such as IT.
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Nikhil Kaushik

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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 -
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