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Depreciation during capital work in progress

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(Querist)
11 March 2013 Sir ,
Please Tell me should Dep.be allowed during construction work in progress
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CA RICHA BADALIA

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CA RICHA BADALIA (Expert)
11 March 2013 No, as the asset is under construction and is not yet put to use.
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Anil Sharma

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Anil Sharma (Querist)
11 March 2013 Thanks 4 Ur Reply.............
But the machinery or any other asset which are specifically purchased to construct this asset ...
then About those assets they Are entitled 4 Dep. According to me
is they are entitled???
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CA RICHA BADALIA

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CA RICHA BADALIA (Expert)
11 March 2013 They will form part of construction wip only and depreciation cannot be claimed.
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Anil Sharma

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Anil Sharma (Querist)
11 March 2013 Mam But these Asset r used in Costruction then What is the treatment for the Dep. of these assets
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Anil Sharma

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Anil Sharma (Querist)
11 March 2013 Mam But these Asset r used in Costruction then What is the treatment for the Dep. of these assets
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
15 August 2023

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