Depreciation rate
This query is : Resolved
05 February 2011
Respected Sir,
i want to know that if any company purchases any assets costing Rs. lessthan 5000 then 100% depreciation will be chareged even allready company is having such assets account in thier books ?
Pls mention the case laws /eny other thing for supporting the answer
i want to know that if any company purchases any assets costing Rs. lessthan 5000 then 100% depreciation will be chareged even allready company is having such assets account in thier books ?
Pls mention the case laws /eny other thing for supporting the answer
05 February 2011
Companies Act,1956 permits to do so subject to the conditions mentioned in proviso to note no.8 of schedule XIV of the said act.
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