Depreciation

This query is : Resolved 

16 March 2012 Whether capital assets to be capitalased from the date of billing by supplier or from the receipt of assets in factory or from the date of asset put to use...

16 March 2012 From the date of asset put to use depreciation would be charge. From the date of starting of construction till the date of completion of construction it capital work in progress and no depreciation shall be charge
OM SAI SRI SAI JAI JAI SAI

16 March 2012 From the date of completion of construction till the date of put to use no depreciation will be charge because asset not used.
OM SAI SRI SAI JAI JAI SAI


16 March 2012 According to Income Tax you will caculate depreciation put to use date.

And

According to Company Act, the depreciate is calculate from the date of purchase.



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