Depreciation
This query is : Resolved
16 March 2012
Whether capital assets to be capitalased from the date of billing by supplier or from the receipt of assets in factory or from the date of asset put to use...
Dintakurthi Tirumala
(Expert)
16 March 2012
From the date of asset put to use depreciation would be charge. From the date of starting of construction till the date of completion of construction it capital work in progress and no depreciation shall be charge
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
Dintakurthi Tirumala
(Expert)
16 March 2012
From the date of completion of construction till the date of put to use no depreciation will be charge because asset not used.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
Ravi Jhamb
(Expert)
16 March 2012
According to Income Tax you will caculate depreciation put to use date.
And
According to Company Act, the depreciate is calculate from the date of purchase.
And
According to Company Act, the depreciate is calculate from the date of purchase.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
