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Depriciation problem
A assessee engaged in business of manufacture purchased plant and machinery on 01-04-2008 for Rs 500000 and installed it on 01-06-2010in a factroy .
P& M was start production in 12-10-2010.
determine 1)year of acquisition.
2)when put to use will be calculated
3) cal. dep n additional dep
what would be its actual cost if it is an addition to block .....
Replies (2)
full year depreciation i.e. 15% will be allowed on 5 lac n additional dep is also allowed @ 20% on 5 lac in the fy 10-11...5 lac will be added to block of assest at the starting of the year 10-11
thnx u sir...
but what is consideration about pt to use concept of 180 days.......
whuch date you have taken as put to use.
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