15 January 2015
Dear Sir, I want to know that when any one purchased the assets say furniture on 1/12/2014 then what period should be take for calculating depreciation or how i should calculate depreciation.
15 January 2015
calculate the depreciation from 01/12/2014, on time basis. Under Income tax, only 2 categories are made for time depreciation.... Asset held for more than 180 days OR otherwise
CAclubindia
