For charging of depreciation as per Income tax act and company act
This query is : Resolved
20 November 2023
is depreciation charge on put to use when assets require installation/Fitting
Like plant and Machinery, Electric Fitting , Building
is depreciation charges on put to use when assets received on ready made received Like Furniture etc.
Like plant and Machinery, Electric Fitting , Building
is depreciation charges on put to use when assets received on ready made received Like Furniture etc.
CA R SEETHARAMAN
(Expert)
20 November 2023
Depreciation should commence when it's ready for use and not from put to use.
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