Depreciation.................
This query is : Resolved
17 June 2009
We purchased 5 pcs mobile @ Rs.4000/-(Total amount Rs.20000/-) in one vat invoice.
So, as per Company act, can we get 100% depreciation for each mobile because each mobile value lessthan Rs. 5000/-?
So, as per Company act, can we get 100% depreciation for each mobile because each mobile value lessthan Rs. 5000/-?
CA Nitin Wadhwani
(Expert)
19 June 2009
No, you are not eligible to claim 100% depreciation.
You should claim as per prescribed rates of plant & machinery or a higher rate.
You should claim as per prescribed rates of plant & machinery or a higher rate.
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