CA Anand (CEO) (48 Points)
09 July 2011|
Dear all, My client has charged depreciation @ 60% on plant automation machine engaged in milk processing industry. The automation machine which includes Plant Engineering Materials (pipes, valves, fittings ) and Computer & software, control panel. Advise me whether the machinet should be charged at 15% or 60% |
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Aparna Raja K.C
(Student)
(520 Points)
Replied 09 July 2011
Give debit in the P& L the amount of Depreciation ur client have charged,.. later in return
add back the Depreciation as charged by ur client and later deduct depreciation charged as per IT which is at 15% <be it be computed by u>
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