Urgent plz
This query is : Resolved
namrata rane
(Querist)
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. .
Nischit Sanghavi
(Expert)
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.
Vishnu Saboo
(Expert)
16 July 2014
concept of charging 100% depreciation on assets below 5000 is abolished in new company act 2013, as per my knowledge.
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