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Depreciaiton as per companie act.

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 November 2013 If an asset is purchased in april and put to use in october of same year then depreciation as per companies act will be from april or october .
Whether it depends on any particular asset or it is general.
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CA Himanshu Sharma

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CA Himanshu Sharma (Expert)
23 November 2013 dep is charged from Oct onwards & its general dep is charged when assets is put to use not when purchased....

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