11 July 2014
its urgent. .plz tell me does concept of charging 100 % depreciation on asset whose real value is less than 5000 is applicable only for cy addition. .
12 July 2014
If Purchase value of the Asset(s) is upto Rs.5000/-, then 100% depreciation is available on the asset purchase in the year of purchase itself. Thereafter, it would include in the Block of Assets.
CAclubindia
