Capital asset pending deployment
This query is : Resolved
05 May 2014
experts,
What is Capital Asset Pending Deployment?
How it is to be treated in Accounts & other laws such as IT.
What is Capital Asset Pending Deployment?
How it is to be treated in Accounts & other laws such as IT.
05 May 2014
it means an asset which has been bought or constructed but not put to use.
treatment in tax:
no depreciation can be claimed unless the asset is put to use.
Under companies act:
asset to be included in the gross block and depreciation is to be charged.
The primary difference is that you cannot provide depreciation on such asset -
treatment in tax:
no depreciation can be claimed unless the asset is put to use.
Under companies act:
asset to be included in the gross block and depreciation is to be charged.
The primary difference is that you cannot provide depreciation on such asset -
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
- Gst registration in the state of maharashtra
- Service Provider GST
- 44AD PRESUMPTIVE RATE ON CREDIT SALES
- After retirement
- Input tax credit on modular office kitchen
- Capital Gains Tax - Short or Long - House Property
- Advt Expenses
- SECTION 50C(2) Valuation by valuation officer
- Wrong TDS Return
- Under section 194T
- We generated an e-invoice for March 2025 on 14.04.2025, which was not uploaded in GSTR-1. Now, how t
- RCM on Transport services
- Input Credit available in Credit ledger
- Merger of twu units under same PAN
- If the GSTR1 filed after due date and the invoices mentioned GSTR1-A, will we be able to claim ITC o
- REGARDING RETIREMENT OF PARTNER
- Regarding consequences of retirement of partner in firm
- Time Limit for Availment of ITC laying in ITC Reversal Ledger
- Tally entry - Debit note
- Debit Note of GST amount
Trending Online Classes
-
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
Industry Expert17 May 2025
CAclubindia
