Depreciation on less than rs.5,000
This query is : Resolved
CA Rahul Agrawal
(Querist)
04 January 2013
a co. purchased 500 chairs of rs.2000 each i.e. total of rs. 10 lakhs.
The uery is that either the cost of the chair capitalized @ 100% or as per rate specified in schedule xiv i.e. 6.33%.
The uery is that either the cost of the chair capitalized @ 100% or as per rate specified in schedule xiv i.e. 6.33%.
CA Rahul Agrawal
(Querist)
04 January 2013
Thanks Mr. Anand
is there any case law or notification for this? if yes, please suggest.
is there any case law or notification for this? if yes, please suggest.
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