I want to prepare Fixed Asset register(accounting purpose)for a charitable society,. I would like to know how depreciation will be applicable if asset is used for less than 6 months. Wether half rate of dep as IT Act or Companies Act is to be applied?
Menu
Charitable society
Replies (1)
Nikhilbhai,
Its at the HALF rate as per Income Tax !!!
Recent Topics :
- CA opted for Form 10IEA mistakenly - Demand raised
- Query on scenario related to FAST DS 2026
- Audit Executive (Remote, India) - Ace Auditing Off
- GST Transaction On Used Clothing
- ITC availed on 5%-rate passenger transport (AC bus
- Extension of Due Date of AY 2026-27
- FAST DS 2026
- Does AIS GST Purchase aggregate GSTR-2B expenses?
- Form 26A - System has encountered some technical p
- Tool to convert GST invoice PDFs into Excel —
Related Topics :
CAclubindia
