Wdv less then 5000/-
This query is : Resolved
penal jain
(Querist)
23 March 2013
If any asset have a WDV less then Rs 5000/- can we depreciated fully.
CMA Ramesh Krishnan
(Expert)
23 March 2013
Depreciation is the policy of company, as per companies act you can depreciate 100% for the asset value below Rs.5000/- as per income tax act you can claim depreciation as per the block of asset only
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