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Provision for depreciation

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Querist : Anonymous

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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
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Ashiwini Ballodia

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Ashiwini Ballodia (Expert)
10 October 2017 Depreciation is provided after asset is put to use i.e You cannot provide depreciation for construction period
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
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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