11 December 2013
A sole proprietary concern is converted in to company with effect from 10/12/2012 for the A.Y 2013-14 so assets of the firm is transferred to company. any changes in the depreciation rate and which date dep. rate applicable
11 December 2013
Under the IT Act, rates of depreciation are the same. . Depreciation can be claimed on pro-rata basis - in the retio of number of days for which the assets were used by the proprietor and the company. .
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