10 September 2008
Whether Depreciation on Building(Constructed and still construction going on), Computer & Printer(Used for the Project), Motor Car(Used for the Purpose of the Project) and Plant & Machinery(not used) will be charged for the financial year 2007-08 if the production of the company had not been started till 31.03.2008 as per both the Companies Act and the Income Tax Act?
CAclubindia
