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...
23 December 2013
Put to use is important so the date 01.12.2013 is relevant & 15000 will be the depreciation
Message likes :
1 times
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 :
1 times
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
- TDS 194-T applicability
- Fixe term employment
- Is any professional CA is here please reply
- GST ITC REVERSE
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Regarding Applicability of Tax Audit u/s 44AB
- Section 50-fixed asset-->building ceases to exist
- TDS on TRUST
- Withdrawal in cash from partners capital account by partner
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Tds on commission charges
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
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
