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
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
- DUE DATE FOR ITR FILING
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
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
