Depreciation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 May 2015
If i do not use assets at any point of time in a year whether i should claim depreciation for that? Is it compulsory?
IS it compulsory For The Companies Act?
IS it compulsory For The Companies Act?
27 May 2015
Under the Income tax Act, the depreciation will starts from the date of 'put to use'. In case, the assets not used in any point of time in a year,no depreciation is allowed.
Under the companies Act, no such condition.
Under the companies Act, no such condition.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
01 June 2015
Thank You Sir, for providing your precious Time
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