Depreciation
This query is : Resolved
Ravi Kumar Rajgaria
(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?
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.
S.M.Indapurkar
(Expert)
21 February 2009
You can claim depreciation from 01-04-2008
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
- Visiting card purchase
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Query on effect of registration of property
- Equity Share Sale and Purchase
- Wrong CMPo8 file
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Whether output tax is taken credit by purchaser
- Number of years as per AS amortisation of Goodwill
- Additional trade name
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
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
