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Depreciation

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(Querist)
13 May 2008 The company acquired industrial license from Govt to produce certain commodities. How to depreciates / amortised the license amount as there is no specific usage period. There is no specific rates in schedule XIV. Cost of License is in Lacs
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CA Hemant T Dewani

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CA Hemant T Dewani (Expert)
13 May 2008 the govt is issued license to produced certain commodities for how many years license is issued you are ammortnised this amount over the license period
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deep

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deep (Querist)
13 May 2008 there is no specific years then what to do ?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
14 June 2023 "Sorry, I am not a featured member."

For featured members contact....

https://www.caclubindia.com/catalogue/featured.asp
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