Depreciation allowance
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 December 2009
Dear sir,
Please tell me whether there is any change in the calculation of depreciation allowance, admissible to an indian co & a foreign company.
regards
sheela nair
Please tell me whether there is any change in the calculation of depreciation allowance, admissible to an indian co & a foreign company.
regards
sheela nair
13 December 2009
i beleive, at the time of first IT assement for your capital asset block, whatever the method has been adopted by you, that will not be allowed to change.
13 December 2009
Appendix I to Rule 5(1A) provides the rate of depreciation on difference block of assets.
It allowes written down value method only to provide depreciation.
It allowes written down value method only to provide depreciation.
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