Fixed assets classification

444 views
User Avatar

Accountant
34 Points Posted on 27 October 2013

RMC trucks classified as Plant & machinery or Vehicles under fixed assets?

0 Reply Share Follow
On 27 October 2013 at 10:32 Report
Replies (3)
User Avatar

student
564 Points Posted on 27 October 2013
Vehicles is not a separate block under IT. Vehicles come under plant &Mach
Reply
On 27 October 2013 at 14:56
User Avatar

Accountant
34 Points Posted on 27 October 2013
Sorry my question was not clear.first yr of operaation in order to claim additional depreciation.this is a case of manufacturing concrete.
Reply
On 27 October 2013 at 15:10
User Avatar

Accountant
34 Points Posted on 27 October 2013
Truck carrying concrete.wat is the depreciation rate for truck under income tax n companies act.
Reply
On 27 October 2013 at 15:22

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Gross total income
  2. Export Compliance
  3. Sale of plots in open land
  4. Income tax query
  5. Best CA Inter coaching in laxmi nagar
  6. HOW TO SELL SHARES OF PRIVATE LIMITED COMPANY SOME
  7. Unregistered Association of Persons (AOP) Agreemen
  8. Intimation u/s 245 of income tax act
  9. Ewaybill query
  10. IDS Refund: GSTR-2B Invoice Not Validated in State

More recent discussions | Post

Related Topics :

Loading