DTPH007 (Service) (35 Points)
09 January 2010Hi Freinds,
Can anybody pl help me in the foll. issue:
The fixed asst was purchased, the invoice date is 6th June 09 while the posting date i.e. the date on which the asset was entered in the books was 15th July.
Which date should we consider for the depreciation calculation? Also reply for the situation if the dates are reveresd?
CA Dhiraj Ramchandani
(CA, M. com)
(10823 Points)
Replied 09 January 2010
For depreciation, the date to be considered is INSTALLATION DATE of asset......
Amir
(Learner)
(4016 Points)
Replied 09 January 2010
| Originally posted by : D н ! я σ √ | ||
 |
For depreciation, the date to be considered is INSTALLATION DATE of asset...... |  |
Dhiraj is BANG ON........................
Vivek
(Finally passed CA Final...!!!!!)
(1097 Points)
Replied 09 January 2010
Tes... Dhiraj is right...
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
CAclubindia
