DEPRECIATION
This query is : Resolved
07 May 2009
If an asset is purchased on instalment basis,from which date depreciation should be charged?
08 May 2009
Depreciation will be charged on full amount from day it is capitalized. It doesn't matter whether it is purchased on cash basis or installment.
08 May 2009
Depreciation will be charged on full amount from day it is capitalized. It doesn't matter whether it is purchased on cash basis or installment.
08 May 2009
By installment as referred in your query, I understnad that the the assets has been financed and the title of the asset is passed on to the buyer on the date of purcahse. In this understaning my response to the query is inline with the response of Deepak.
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
