Depreciation on not used machine
This query is : Resolved
13 December 2021
Sir
I have one pokland machine. My main business is to give such machine on hire or rent. but in F Y 20-21 nothing any receipts was received from rent of such machine. During the F Y 20-21 such machine was not used. So T O is zero.
So I have to ask you , can i claimed depreciation on such machine in F Y 20-21. & What is rate of depreciation ?
I have one pokland machine. My main business is to give such machine on hire or rent. but in F Y 20-21 nothing any receipts was received from rent of such machine. During the F Y 20-21 such machine was not used. So T O is zero.
So I have to ask you , can i claimed depreciation on such machine in F Y 20-21. & What is rate of depreciation ?
Dhirajlal Rambhia
(Expert)
13 December 2021
When turnover is zero, no need to charge depreciation and carry forward. Otherwise also depreciation is not charged when asset is not put to use...
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