Depreciation
This query is : Resolved
18 June 2011
Dear Sir,
Is there any concept called "100% depreciation" in accounting.
Usually,an asset acquired has a lifetime less than one year is written off to p&l...that is, it is an 'expense'.
sir, please give the mode of Income tax depreciation calculation (rate)on the same.
Is there any concept called "100% depreciation" in accounting.
Usually,an asset acquired has a lifetime less than one year is written off to p&l...that is, it is an 'expense'.
sir, please give the mode of Income tax depreciation calculation (rate)on the same.
20 June 2011
Appendix-1 of rule 5 of Income tax Rules,1962 talks about 100% depreciable items. Have a look at that.
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