Depreciation of Fixed asset in Leap Year and in case of Usage of Less then 6 months

hs2188 · September 20, 2010, 12:47pm

In a leap Year, what is the procedure to calculate days for 6 months of April,2011 to September,2011 if Financial year is 2011-12 and 2012 is a Leap Year?

If asset is Used for Less then six months , what is the Procedure to calculate the depreciation for the same asset?

sandeep.singlaca · September 21, 2010, 11:44am

You can refer to Feature Instruction “13721_Depreciation as per Indian Tax_Feature Instructions Guide” in 4.0 SP3 HF1 for a detailed explanation.

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Depreciation of Fixed asset in Leap Year and in case of Usage of Less then 6 months

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