Depreciaiton as per income tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 December 2013
we have purchased machine 200000 on 01.05.2011 and put to use on 01.12.2013 what will be deprecation in fy 2013-14.
is depreciation = 15000/-
OR
is depreciation = 30000/-
please clear my confusen...
is depreciation = 15000/-
OR
is depreciation = 30000/-
please clear my confusen...
Manish Bhandari
(Expert)
23 December 2013
Put to use is important so the date 01.12.2013 is relevant & 15000 will be the depreciation
Message likes :
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Ganeshbabu K
(Expert)
23 December 2013
asset used for less than 180 days in a year
.
.
hence =200000*15%*1/2=15000
.
.
hence =200000*15%*1/2=15000
Message likes :
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