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Depreciation as per company act,2013
Dear Experts,
If assets purchased on 31st March, 2016 then can we claim 1 day depre on said purchase as per companies act 2013.
Replies (2)
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.
ok thank you
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