depriciation

This query is : Resolved

CA SONI KRUNAL (Querist)
Follow

14 July 2010 can anybody plz tell me requirement of dep as per co's act , what are the requirement of getting only 95% dep only for a partiular assets and there after show it as dead stock only?
plz give me section reference also

CA. BIJENDER KR. BANSAL

CA. BIJENDER KR. BANSAL (Expert)
Follow

14 July 2010 AFTER GETTING 95% DPE ON A PARTICULAR ASSET , THE WDV OF ASSET (5% ) IS SO LOW WHICH IS REQUIRED TO SHOW ANY ASSET IN A BLOCK.
IT IS NOT DEAD STOCK. IT IS THE ASSET WHICH IS USEABLE AFTER DEPREICATED 95% OF TOTAL VALUE.
IF WE CLAIM DEP AFTER 95%, THEN VALUE OF ASSET WILL BE NIL AFTER SOME TIME, WHILE IT IS USEABLE AND CONSISTS IN BLOCK OF ASSET. THEN FOR A RECORD OF THAT ASSET AT NEGILIBALE VALUE I.E 5%.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Jayesh Pipalwa

George Innocent

Mukund Thakur

arya yashu

Rajat Khandelwal

Subscribe Now

depriciation

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

Article Assistant

Manager- Finance and Compliance

Accountant

GST CONSULTANT

GST CONSULTANCY