banner_ad

Depreciation calculation starting date?

Others 1174 views 1 replies

As per excise audit we have reversed cenvat credit on capitive consumption for canteen building in sep-2011.

Now the same reversal amount we are going to be capitalized in Fy-2011-2012. But the basic amount of canteen building we capitalised in FY.2010 -2011 only .So please clarify, from which date we have to calculate the depreciation.

 

Replies (1)

Depreciation will be calculated from F.Y.2010-11 on the basic amount which was being capitalised. 

In F.Y. 2011-12 depreciation will be calculated on teh WDV as on mar11 & also on the amount of cenvat credit availed whihc is now benig reversed & capitalized.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details