Menu
Depreciation
If a company is closed by 30 September depreciation of computors to be considered in days upto sep 30 or upto end of the year? Please clarify
Replies (3)
In taxation regime, depreciation charge for whole year irrespective of partly used assets.
As per company act , in books of accounts you can consider depreciation in day basis,
but for income tax purposes its full year depreciation allowed if asset used 180 days or more, half year depreciation if asset used less than 180 days
but for income tax purposes its full year depreciation allowed if asset used 180 days or more, half year depreciation if asset used less than 180 days
| Originally posted by : Shama parveen | ||
 |
In taxation regime, depreciation charge for whole year irrespective of partly used assets. |  |
Agree with @ Parveen Advice.
Recent Topic
- India GST Mobile App
- Reporting STCG on non equity oriented MF
- Section 54F exemption for buying a plot
- My client missed to file ITR 3 for AY 25-26
- Subscription/Membership fees
- Inverted tax gst refund
- Mismatch of pincode and district while registering
- Total income less than 12 lakhs but after processi
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
Related Topics
CAclubindia
