if we purchased a plant and machinery as on 31.12.2018.
and not put to use that year..
IN this case depreciation is not allowed in that previous year BUT
in this previous year shall be included in block of assets or not?
pls enlight me...
Menu
depreciation on block of assets..
Replies (2)
an asset not put to use shudnt be charged to depreciation is just a part of learning.practically speaking no officer wud come and check if the asset is actually put to use or no. only thing wyd be checked is the invoice and the date to see if dep is charged properly.
so you can show it in the block and claim only 50% depreciation
so you can show it in the block and claim only 50% depreciation
😃😃😃 ok thanks a lot mentor..
Recent Topics :
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
- TDS return filing
- Need formats of FS as per Co act 2013 in soft copy
- Remittance to italy
- Invoice made but goods not sent
Related Topics :
CAclubindia
