Regarding Depreciation
This query is : Resolved
29 January 2010
Dear Expert,
Please help me in this regard.
we have been using a machinery from 5 years, but in this year we have used only for 6 months and for the rest of the period it is idle.
in this situation do we have to calculate depreciation for the entire one year?
by
raj
Please help me in this regard.
we have been using a machinery from 5 years, but in this year we have used only for 6 months and for the rest of the period it is idle.
in this situation do we have to calculate depreciation for the entire one year?
by
raj
30 January 2010
if use for more than 180 days then calculate depreciation for the entire one year other wise it will be calculated at 50% of Depreciation rate means half of depreciation which will be chared if ,machine used for full year.
01 February 2010
better claim for full year, above are applicable in case of new assets only
01 February 2010
yes, claim for full year 180 days is applicable for new assets purchase and put to use for first time in p/y.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Confusion around Form 26QB fields
- RCM INVOICING FROM NOV-2024
- Sale of property furniture sale
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
