banner_ad

Depreciation Basis ready to use or Put to use

1292 views 3 replies
Hi Sir or Madam

Good day

Could some one please advise

The basis to start depreciation on a particular fixed asset

is it Ready to use or Put to use

Request you to advise

1.As per companies Act
2.As per Income tax Act

Thanks in advance
Replies (3)
It is on the basis of asset being put to use..
1.As per companies Act - PUT TO USE (From the date of using the asset)


2.As per Income tax Act - READY TO USE (From the date of purchase of the asset)

I have read advocates and laws, the day you open the seal and covers depreciation starts


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details