About depreciation on new machine.
This query is : Resolved
Hiren Patel
(Querist)
10 April 2014
Dear Sir,
We have purchased new machine on dtd 11-07-2013 to manufacture PVC Suction Hose Pipe in our new partnership firm.
What should be the rate of depreciation on this machine in financial year 2013-14 ?
If we do not calculate depreciation in financial year 2013-14 on new machine then what should be the machine value will be calculated for financial year 2014-15.
Please do needfull in this matter and help us.
We have purchased new machine on dtd 11-07-2013 to manufacture PVC Suction Hose Pipe in our new partnership firm.
What should be the rate of depreciation on this machine in financial year 2013-14 ?
If we do not calculate depreciation in financial year 2013-14 on new machine then what should be the machine value will be calculated for financial year 2014-15.
Please do needfull in this matter and help us.
CA Sanjeev Kr Jain
(Expert)
10 April 2014
even no dep is charged is will be assumed to have been claimed and allowed
Hiren Patel
(Querist)
11 April 2014
Dear Sir,
Thanks for your reply.
But I cann't understand.
Will you please explain it with example ?
Thanks for your reply.
But I cann't understand.
Will you please explain it with example ?
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