hi,
we are deducting depreciation on motor cycle 13.91% full year . but I want to know on addition of motor cycle. motor cycle is addition as on 3/2/2018. how to deduct.
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depreciation on motor cycle addition
Replies (4)
charge depreciation for no. of days from date of purchase.
from 3.2.18 to 31.3.18
from 3.2.18 to 31.3.18
that's not like income tax , addition 1.4.2017 to 30.9.2017 full and 1.10.2017 to 31.3.2018 half rate deduction.
no in companies act you should calculate dep for no. of days it is used
thank you sir. ....
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