Maximum value of 100% depreciation
This query is : Resolved
shiva ramanjeneyulu
(Querist)
18 July 2011
Dear all,
Please resolve my query,
value of the assset purchased during the year, if less than Rs 5000/- can claim 100% depreciation.(according to Co., Act)
Am i correct,
Is there any raise in such maximum amount of asset value.
Thanks in advance
Please resolve my query,
value of the assset purchased during the year, if less than Rs 5000/- can claim 100% depreciation.(according to Co., Act)
Am i correct,
Is there any raise in such maximum amount of asset value.
Thanks in advance
18 July 2011
it depends upon the companies accounting policy & if the same practice is followed regularly... its absolutely allowed.
CMA Ramesh Krishnan
(Expert)
18 July 2011
Yes. As per Companies act assets purchase below Rs.5000 can be taken 100% depreciation
No change on that limit
No change on that limit
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