Depreciation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 June 2012
when i purchase a machinery in the PY but not put to use in the same PY then pls tell me that depreciation will be allowed or not.
14 June 2012
As per Income Tax Act - not allowed.
As per Companies Act & AS 6 - allowed.
As per Companies Act & AS 6 - allowed.
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