Depreciation
This query is : Resolved
20 July 2016
Dear experts,
Please advice me on below case:
I'll run my proprietor business upto september or october 2016 (f.y 2016-17). Then how will I charge depreciation on Fixed assets? Will I charge depreciation for 6 or 7 months out of 12 months? My assets value 642136.99 (computer).
Please help..
Please advice me on below case:
I'll run my proprietor business upto september or october 2016 (f.y 2016-17). Then how will I charge depreciation on Fixed assets? Will I charge depreciation for 6 or 7 months out of 12 months? My assets value 642136.99 (computer).
Please help..
20 July 2016
You have to calculate Depreciation for Income Tax only & in case the assets has been used for 180 days or more, you can claim full depreciation.
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