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.
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