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Dereciation on assets purchased in cash above rs. 20000

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 August 2015 Sir,
I want to know can we claim depreciation on assets purchased in cash above Rs. 20000/-.
What if the asset is purchased by director on behalf of the company in foreign currency.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
04 August 2015 charge normal depreciation in this case and foreign exchange flucatuation differnce to be adjusted as per as 11
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