Depreciation
This query is : Resolved
04 August 2011
dear sir,
please specify that i have purchased the assets during the year but not put to use during the year, whether can i claim depreciation in the year in which it is purchased as per company act, also specify as per income tax act.
please specify that i have purchased the assets during the year but not put to use during the year, whether can i claim depreciation in the year in which it is purchased as per company act, also specify as per income tax act.
04 August 2011
Assets purchased but not put to use is an investment in nature and depreciation can not be claimed
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