Poonawalla fincorps
Poonawalla fincorps

Write off assets

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 March 2015
we have capitalised some software on which depreciation has been claimed @ 20 % for 2 years , now this software is redundant and is of no use and can be write off in a full.

please advise can we do that
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
15 March 2015 Incase of asset not having any further use of the business you can write off full with approval of management
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Rupesh Jain

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Rupesh Jain (Expert)
17 March 2015 YOU CAN WRITE OFF WITH MANAGEMENT APPROVAL
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