depreciation
This query is : Resolved
25 August 2009
does it require to provide depreciation on assets purchase on 31st march
25 August 2009
YES.
As per companies act, it will come under less than 180 days and 50% of depreciation has to be provided.
As per income tax act, claim depreciation for by adding the value in concerned block.
As per companies act, it will come under less than 180 days and 50% of depreciation has to be provided.
As per income tax act, claim depreciation for by adding the value in concerned block.
25 August 2009
If the machine purchased on 31st 09 Mar but it Installed and used in april 09,
1)Should depreciation charged on such machin for f.y. 2008-09.
2) What will if the transaction recorded on 1 st apr. 09?
1)Should depreciation charged on such machin for f.y. 2008-09.
2) What will if the transaction recorded on 1 st apr. 09?
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