This query is : Resolved 

20 November 2023
is depreciation charge on put to use when assets require installation/Fitting
Like plant and Machinery, Electric Fitting , Building
is depreciation charges on put to use when assets received on ready made received Like Furniture etc.

20 November 2023
Depreciation should commence when it’s ready for use and not from put to use.

Source link

By fintax360

We Fintax360 team simplify finances and taxes for millions of Indian businesses and people. We educate them about finances, taxes and improve their relationship with money.

Leave a Reply

Your email address will not be published. Required fields are marked *