Depreciation as per new companies act.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 May 2015
Is the provision of charging Different rates of Depreciation for assets which are put to used for less than 180 days & more than 180 days applicable as per new Act also?
30 May 2015
no, the concept of 180 days are applicable only under income tax act and not co act 2013.
but the dep shall be charged only for proportional basis from date of purchase till date of balance sheet i,e 31.3
but the dep shall be charged only for proportional basis from date of purchase till date of balance sheet i,e 31.3
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