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
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
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
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
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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- GST on export of services and Input Credit
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
