Depreciation Calculation
This query is : Resolved
22 June 2010
If there is any change in the calculation of depreciation where delection applicable cases as per IT Act????
If deletion of assets is deducted either from addition more than six moths or use less than six months???????
Pls help me....
If deletion of assets is deducted either from addition more than six moths or use less than six months???????
Pls help me....
22 June 2010
The act is silent on this issue. No change has been brought in in the Finance Act,2010 as well. However, it is beneficial to follow LIFO method so that the amount of depreciation will be higher.
22 June 2010
As per income tax act, If you sold any asset whether it sold in Feb (11th Month), Still it is deducting opening WDV of asset.
not after 6 month.
not after 6 month.
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
- Post Office RD Interest
- Itr 1 processing
- Reporting Income under Section 44ADA
- Building and other construction workers welfare cess act 1996
- ITR 1: Details for showing Exempt Income
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- ITR validation error - Balance sheet is not filled
- Bank Accounts in Balance Sheet for ITR 3
- TDS ON CASH WITHDRAWALS...
- Form 10BD Filling
- Change the gender in the registration of icai
- Lift replacement entries in housing society
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
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
