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Date of Useful Life of Capital Good
As Per Rule 44(1) useful Life of Capital Good will be 5 year. So from which date the 5 year has to be seen i.e, from 1) date of invoice 2) capitalisation date 3) any other date
Replies (5)
Quick Summary
It's date of Invoice & date on which capital goods reced.
It should be capitalisation date as the capital goods are goods which becomes capital goods when they are capitalised.
As when we Will Rule 43 there is specifically mention that Date will be the invoice date but in Rule 44 nothing is mentioned as such .. So please provide a Source of Interpretation also..
date of invoice (Rule 43)
But what will be the date in case of Rule 44????
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