Friends, For classying assets into put to use for more than 180 days or less, vat is the exact date?
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Depreciation computation
Replies (3)
For assessment year 12-13 all the assets purchased till 3rd october 2011 shall qualify for full rate of depreciation. (Tip- Always remember its Post Gandhi Jayanti i.e after 2nd october.)
For more than 180 days the assets shud be purchased between 1st Apr-30th Sept & for less than 180 days betwen 1st Oct-31stMarch.
I beg to contradict you Mr.Giridhar. Your views are incorrect. Regards.
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