Provision for depreciation
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 October 2017
Dear Sir,
Let me know that can I make Provision for Deprecation on under construction premises for Co. in Financial year 16-17.
A Premises ready to use in FY. 17-18
Let me know that can I make Provision for Deprecation on under construction premises for Co. in Financial year 16-17.
A Premises ready to use in FY. 17-18
10 October 2017
Depreciation is provided after asset is put to use i.e You cannot provide depreciation for construction period
11 October 2017
You can't provide for dep in F.Y. 16-17 as your premises put to use in F.Y. 17-18.
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