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Dep in case of cash method

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(Querist)
30 April 2008 my client has purchased a plant of Rs 100000/- in f y 2007-08.The balance amount of rs 50000/- paid in 2008-09.Whether Dep will be provided on Rs 100000/- or on Rs 50000/-.Pls reply
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CA Hemant T Dewani

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CA Hemant T Dewani (Expert)
30 April 2008 hie sheetal patni
your client purchase a plant of rs 100000 & payment is made only 50000/- you know the debtors & creditors in A/c,s
so you will get dep on rs 100000/- & 50000 is outstanding creditors
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Shyam Lal Naik

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Shyam Lal Naik (Expert)
30 April 2008 Better to claim full dep for FY 07-08. It is not clear from the query, whether the full amt is 1 or 1.5 L.

More over, depreciation is relate to usage and not payment. Depreciation is a non cash expenditure.
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