Single shift depreciaiton

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

08 April 2013 Dear Sir,

in our company book is running 3 shift for Depreciation and we count the 3 shift Depreciation.

in current year we purchased and installed new machinery, now can i count single shift Depreciation in new machinery ?

any quarry or object, please guide

CA LOKESH KASAT, FCA, M.Com

CA LOKESH KASAT, FCA, M.Com (Expert)
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08 April 2013 Dear,
Plz furhter clarify your query. Based on your current writing...

I can only say, that Income tax provide fix rate of Depreciation irrespective of Shift. However for New Machine in Factory you can claim additional Depreciation for the year in which it is purchased.

and in accounts you should follow AS-6

Querist : Anonymous

Querist : Anonymous (Querist)

09 April 2013 my query is Companies act Depreciation sch. 14

at present we take full depreciation on all machinary (3 shift) now this year we purchase a new machinery and it is not run in 3 shift so we have to take 1 shift depreciation.

so my query is can i take 1 shift depreciation in selected machinery. any object, problem will rise

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