Regarding calculation of depreciation as per co. act 2013
This query is : Resolved
Chithra Ramanathan
(Querist)
26 May 2015
if i bought a flat which 2nd hand purchase then how to calculate useful life of the asset?
useful life of bldgs are 60 years so 60 years from date of on which i purchased or frm d date on which the bldg was constructed.
useful life of bldgs are 60 years so 60 years from date of on which i purchased or frm d date on which the bldg was constructed.
Arpit Shah
(Expert)
27 May 2015
https://taxguru.in/company-law/rates-depreciation-companies-act-2013.html
Arpit Shah
(Expert)
27 May 2015
https://taxguru.in/company-law/scheduleii-companies-act-2013-accounting-standard6-depreciation-accounting.html
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