Claiming of depreciation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 April 2012
Dear Expert,
I have puchased one machine namely Solidwaste recycling and resource recovery systems on which 100% depreciation is allowed.
My quarry is that is there any certificate from particular authentic person required to prove that this is the same machine on which 100% depreciation is allowed. OR only Description in the Bill and Delivery challan are satisfactory.
is there any other criteria to be fullfilled to claim depreciation of 100%.
Regards,
Monik Dedhia.
I have puchased one machine namely Solidwaste recycling and resource recovery systems on which 100% depreciation is allowed.
My quarry is that is there any certificate from particular authentic person required to prove that this is the same machine on which 100% depreciation is allowed. OR only Description in the Bill and Delivery challan are satisfactory.
is there any other criteria to be fullfilled to claim depreciation of 100%.
Regards,
Monik Dedhia.
21 April 2012
Hi,
Company's fixed asset register along with bills of fixed assets are sufficient for claiming the depreciation.
Company's fixed asset register along with bills of fixed assets are sufficient for claiming the depreciation.
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