Depreciation rate for converted co
This query is : Resolved
11 December 2013
A sole proprietary concern is converted in to company with effect from 10/12/2012 for the A.Y 2013-14 so assets of the firm is transferred to company. any changes in the depreciation rate and which date dep. rate applicable
CA PARAS BAFNA
(Expert)
11 December 2013
Under the IT Act, rates of depreciation are the same.
.
Depreciation can be claimed on pro-rata basis - in the retio of number of days for which the assets were used by the proprietor and the company.
.
.
Depreciation can be claimed on pro-rata basis - in the retio of number of days for which the assets were used by the proprietor and the company.
.
Message likes :
1 times
12 December 2013
Dear Sir,
Thank you so much for your valuable replay
Best Regards
Ramesha.M
Thank you so much for your valuable replay
Best Regards
Ramesha.M
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
