Depreciation
This query is : Resolved
30 July 2008
If a 100% depreciable asset is put to use in last quarter than how much depreciation is allowable on it as per co. act and IT act.
Is position as per company act will be like this -:
100% depreciation in last qtr
OR
only prorata depreciation i.e. 25% only
Is position as per company act will be like this -:
100% depreciation in last qtr
OR
only prorata depreciation i.e. 25% only
30 July 2008
IT ACt 50%
Companies Act Prorata(Minimum)
Companies Act Prorata(Minimum)
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