CA Sanjay Baheti (PROPRIETOR) (1155 Points)
12 May 2010
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Whether depreciation is allowed pre-commencement of business such as computers, office equipment. As per Section 32, depreciation is allowed on the basis of put to use, not on the basis of commencement of business kindly clarify.
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CA Shiv
(Business Controller)
(2987 Points)
Replied 12 May 2010
Well if the company is not commenced than all the expense are capitalised. so if u provide depreciation than also you cannot claim as expense and charge to P&L account... so its better if you dont do it..
Do it from the next year.
vikash rathi
(Chartered Accountant)
(787 Points)
Replied 12 May 2010
CAclubindia
