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Dear all, My client has charged depreciation @ 60% on plant automation machine engaged in milk processing industry. The automation machine which includes Plant Engineering Materials (pipes, valves, fittings ) and Computer & software, control panel. Advise me whether the machinet should be charged at 15% or 60% |
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Give debit in the P& L the amount of Depreciation ur client have charged,.. later in return
add back the Depreciation as charged by ur client and later deduct depreciation charged as per IT which is at 15% <be it be computed by u>
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
