Depreciation rate

Others 831 views 2 replies

 

Hello Friends, what is the rate of depreciation as per company act for bamboos used as a stake in agriculture activities carried by company. These bamboos are used in said activities around 3 years. The company act provides 100% dep in case of “Purely temporary erections such as wooden structures” but it is provided under the heading of building.    Can I claim 100% dep on such bamboos? (Normally these stakes are used in farmhouse to support the plant) .

Replies (2)

Yes 100% Depreciation to be provided.

Thnks Shruti ...

but you have any justification about the same please post here  , becoz  the said stakes are not a building or part of any building and further those bamboos has time span arround 3 years. in such case is it sound prrctice to provide 100% dep...


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register