Depreciation under sec 32 ac
This query is : Resolved
30 October 2017
Whether depreciation under sec 32 AC should be taken 15% or 7.5% when asset put to use is less than 180 days??
30 October 2017
Depreciation to be charged @ 15% (i.e 100%) even if it is used for less than 180 days
30 October 2017
If in books there is deffered tax asset then net profit for ratios calculation in 3cd should be excluding this or not???
30 October 2017
As per me Net Profit to be taken as books i.e. no adjustment to be made for Deffered Tax because GP & NP to be taken as per books and not per IT Act
30 October 2017
Opinion of other expert are also welcome
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