About depreciation on new machine.

This query is : Resolved

Hiren Patel (Querist)
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10 April 2014 Dear Sir,

We have purchased new machine on dtd 11-07-2013 to manufacture PVC Suction Hose Pipe in our new partnership firm.

What should be the rate of depreciation on this machine in financial year 2013-14 ?

If we do not calculate depreciation in financial year 2013-14 on new machine then what should be the machine value will be calculated for financial year 2014-15.

Please do needfull in this matter and help us.

CA Sanjeev Kr Jain

CA Sanjeev Kr Jain (Expert)
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10 April 2014 even no dep is charged is will be assumed to have been claimed and allowed

Hiren Patel

Hiren Patel (Querist)
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11 April 2014 Dear Sir,

Thanks for your reply.

But I cann't understand.

Will you please explain it with example ?

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