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For charging of depreciation as per Income tax act and company act

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(Querist)
20 November 2023 is depreciation charge on put to use when assets require installation/Fitting
Like plant and Machinery, Electric Fitting , Building
is depreciation charges on put to use when assets received on ready made received Like Furniture etc.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
20 November 2023 Depreciation should commence when it's ready for use and not from put to use.

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