Treatment of depreciation
This query is : Resolved
30 June 2016
Dear All
I am working in a partnership firm please clarify my doubt
partnership firm assets and liabilities taken over by pvt ltd on 30.12.2016 by slum sales
in partnership firm depreciation is calculated 15% on plant and machinery on 31.12.2015 and inpvt ltd co can i calculate depreciation 15% on plant and machinery is it right please guide me
Regards
Srinivas
I am working in a partnership firm please clarify my doubt
partnership firm assets and liabilities taken over by pvt ltd on 30.12.2016 by slum sales
in partnership firm depreciation is calculated 15% on plant and machinery on 31.12.2015 and inpvt ltd co can i calculate depreciation 15% on plant and machinery is it right please guide me
Regards
Srinivas
30 June 2016
as per income if you are using assets not more than 180 days in a year the you have to eligible to take 50% depreciation of the normal rate. for company you can get only 50% of the normal rate depreciation.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- TDS on Fixed Assets purchased
- TDS on purchase of under construction property from a reseller
- UDIN ISSUE
- Non filing of I T Returns
- GST Intimation due to Government took possession of Business Premises under PPE Act
- SALARY CAN BE CAPITALIZE
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
