Please Help: Temporary wooden structure
Posted Date : 12-Jun-2012 , 01:26:07 pm | Posted By: Yogesh
Category :
Audit | Answers :
3|
Comments :
0| Hits: 330
|
|
My client has charged 10% depreciation on temporary structure from last several years and no body noticed that. Can i write off same asset in current year since applicable rate is 100%. please guide. |
 |
|
|
Answers:
|
 Answer by: Rishabh Upadhyay |
| Yes, you can take the benefit of the remaining 90% value as n expense in the current year, provided you have sufficient evidence to prove that the same were temporary in nature.
|
| Answer by: CA Satuti Mahajan |
| Yes, the applicable rate is 100%.
|
| Answer by: Vikash Kumar Jha |
| If the conditione is like that then what ever the value shown in balancesheet after charging depreciation @ 10% from last several year that should be write off during the current year if you can prove that its available for 100%.
|
|
|
|
|
|
|
