Menu
DEPRECIATION
CAN I PUT DEPRECIATION AS PER COMPANIES ACT AND INCOME TAX ACT ,ON BUILDING WHICH IS IN PROGESS NOT CAME TO USE
Replies (2)
no u can't...
No,
as per income tax to claim depreciation, date of put to use required.
while as per companies act put to use not mandatory. depreciation can be claim on the basis of useful life from the date of purchase or date of completion of construction.
as per income tax to claim depreciation, date of put to use required.
while as per companies act put to use not mandatory. depreciation can be claim on the basis of useful life from the date of purchase or date of completion of construction.
Recent Topics :
- Hotel stay below Rs.1000/- GST applicable or exemp
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Generate E-Way Bill for 4 Nos. Suppliers Involveme
- Section 54F Exemption
- Would you use a free, open-source alternative to s
- Business & Finance
- Report in GSTR 1 ( Credit Note ) for Wrong GST Rat
- Reply of summons issued under section 70 of the cg
- How to Bulk GSTIN Number Verify and Validation
- OPC Annual Filing Defaults – Need Guidance t
Related Topics :
CAclubindia
