jinal mehta (Asso accounts manager) (212 Points)
05 April 2016
ACCOUNTANT
(Student)
(559 Points)
Replied 05 April 2016
Depreciation is claimed as per law., from the date when the asset it put to use as per IT Law, costing rules,and as per Schedule II of Companies Act,2013.
Whether the asset is purchased earlier., when it is used even for 1 day., deprecis ation for such 1 day can be claimed.
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