Dereciation on assets purchased in cash above rs. 20000
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 August 2015
Sir,
I want to know can we claim depreciation on assets purchased in cash above Rs. 20000/-.
What if the asset is purchased by director on behalf of the company in foreign currency.
I want to know can we claim depreciation on assets purchased in cash above Rs. 20000/-.
What if the asset is purchased by director on behalf of the company in foreign currency.
04 August 2015
charge normal depreciation in this case and foreign exchange flucatuation differnce to be adjusted as per as 11
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