IT DEPRECIATION-ASSET COMMISSIONING

krishna iyer (Sr.Finance Manager) (197 Points)

23 February 2009  

DEAR SIRS,

PLANT & MACHINERY ITEMS ARE PURCHASED , ERECTED DURING  CURRENT FINANCIAL YEAR IE.MECHANICAL COMPLETION OF  OF PLANT IS OVER.   BUT PRODUCTION FROM THE PLANT WILL TAKE PLACE NEXT FINANCIAL YEAR ONLY.

CAN IT DEPRECIATION BE CLAIMED DURING THE CURRENT FINANCIAL YEAR BASED ON MECHANICAL COMPLETION OFPLANT & MACHINERY.