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