Depreciation during capital work in progress
This query is : Resolved
Anil Sharma
(Querist)
11 March 2013
Sir ,
Please Tell me should Dep.be allowed during construction work in progress
Please Tell me should Dep.be allowed during construction work in progress
CA RICHA BADALIA
(Expert)
11 March 2013
No, as the asset is under construction and is not yet put to use.
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Anil Sharma
(Querist)
11 March 2013
Thanks 4 Ur Reply.............
But the machinery or any other asset which are specifically purchased to construct this asset ...
then About those assets they Are entitled 4 Dep. According to me
is they are entitled???
But the machinery or any other asset which are specifically purchased to construct this asset ...
then About those assets they Are entitled 4 Dep. According to me
is they are entitled???
CA RICHA BADALIA
(Expert)
11 March 2013
They will form part of construction wip only and depreciation cannot be claimed.
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Anil Sharma
(Querist)
11 March 2013
Mam But these Asset r used in Costruction then What is the treatment for the Dep. of these assets
Anil Sharma
(Querist)
11 March 2013
Mam But these Asset r used in Costruction then What is the treatment for the Dep. of these assets
Dhirajlal Rambhia
(Expert)
15 August 2023
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