In case a company gets converted to an LLP in the month of January, how will depreciation according to Income Tax Act be calculated? How will the criteria of more/less than 180 days be implemented? Explain with the help of an example, if possible?
In case a company gets converted to an LLP in the month of January, how will depreciation according to Income Tax Act be calculated? How will the criteria of more/less than 180 days be implemented? Explain with the help of an example, if possible?