Accounts

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SAMIR DESAI (Querist)
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21 February 2012 Dear Sir,

my company incorporate in apr-2011 & purchase furniture as on 1-03-2012 of Rs. 100000 than how much amount we claimed as depriciation.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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21 February 2012 can be claimed depreciation for 1 month (March-12) as applicable rate under Companies act.

Guest

Guest (Expert)

22 February 2012 In case of companies depreciation can be claimed on prorata basis at rate applicable.
In case of income tax act - 50% of rate applicable.

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