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Depreciation

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(Querist)
20 February 2009 Two Fixed Assets A & B purchased on 01.04.2008. Bill for Asset A received on same date and bill for Asset B received on 01.06.2008. Both the asset put to use on 01.04.2008. Depreciation will be charged from which date on Asset B?
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CA. B.SRINIVASULU

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CA. B.SRINIVASULU (Expert)
20 February 2009 If you have a proof of delivery of Asset B on 1-4-2008 with the value and even if you do not have proper bill on that date you can claim depreciation form 1-4-2008.
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S.M.Indapurkar

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S.M.Indapurkar (Expert)
21 February 2009 You can claim depreciation from 01-04-2008
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