Depreciation from put to use or ready to use
This query is : Resolved
28 May 2011
Which date is releavent for the claim of depreciation in income tax, i.e. asset put to use or asset ready to use? Also which date will be releavent in follwing eg. The Co. has purchased and installed CCTV on 30.4.10 and started using the same from 1.11.10, then which date to be considered for depreciation?
CA MANOJ GUPTA
(Expert)
28 May 2011
THE COURTS OVER THE YEARS HAS TAKEN READY TO USE AKIN TO PUT TO USE SO THERE WILL BE NO PROBLEM IN GETTING THE FULL DEPRECAITION
CA MANOJ GUPTA
JODHPUR
09828510543
CA MANOJ GUPTA
JODHPUR
09828510543
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