07 September 2012
IF AN BUSINESS STARTED IN NOV 2011 AND SOME FIXED ASSETS PURCHASED IN THE SAME MONTH AND SOME ONTH THE NEXT , THEN FOR WHAT PERIOD DEPRICIATION SHOULD BE APPLIED?
07 September 2012
for tqaxation purpose dep. at half of the applicable rates would be admissiblewhile in accounts you can charge dep. as per no. of days used at suitable rates......
CAclubindia
