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Depreciation

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(Querist)
06 July 2009 If value of block of asset is below Rs. 5000 then can we claim 100% depreciation on the same?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
06 July 2009 No under Income tax Act,1961
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ponibass

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ponibass (Expert)
06 July 2009 If you want answer accordong to income-tax act, answer is no. Your question relates to companies act. U can provide 100% in books ; not in IT
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
06 July 2009 agree with MR.Ponibas
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Rajesh

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Rajesh (Expert)
06 July 2009 favour the Mr. ponibas
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CA Suresh Choudhary

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CA Suresh Choudhary (Expert)
06 July 2009 Thanks
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