Depriciation
This query is : Resolved
23 June 2012
hi
in single invoice if 20,000 qty purchased @ 1.30/pcs , so total comes to Rs 26000/-
can u pls advise what will be the dep amt for asst year 12-13
rgds
piyush
in single invoice if 20,000 qty purchased @ 1.30/pcs , so total comes to Rs 26000/-
can u pls advise what will be the dep amt for asst year 12-13
rgds
piyush
CA PARAS BAFNA
(Expert)
23 June 2012
Purchases of revenue nature can directly be claimed as revenue expenditure. No Need to provide depreciation on the goods purchased for trading or manufacturing purpose.
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