Depreciation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 June 2012
Whether put to use condition is required for claiming depreciation under the companies act?
20 June 2012
Put to use condition is only provided in Income Tax Act and not Companies Act.
In Companies Act and as per AS 6, condition is that the asset should be READY FOR USE.
In Companies Act and as per AS 6, condition is that the asset should be READY FOR USE.
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