Asset is purchased on 1.1.2011 for Rs 100000. Depreciation is allowable @ 15%. Asset is installed and put to use on 31.12.2011. what would be depreciation for AY 2012-13 ?
2 Replies
CA SUMANTH
(LEARNER.....)
(294 Points)
Replied 23 January 2012
Depreciation starts after its put to use.. so depreciate from 31.12.2011 onwords.
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 27 January 2012
Depreciation rate would be 7.5% for A.Y.12-13 i.e. Rs. 7,500.
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