Depreciation as per income tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 December 2016 Dear Experts
A machinery was purchased as on 17/6/2015 however the same was put to use from 8/2/2016 pls clarify in this case weather depreciation would be charged 7.5% or full 15% on this machinery in AY 2016-17?

Regards
Ankur Mehta

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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02 December 2016 you have consider Put to use , so you can calculate depreciation 7.5% for AY 2016-17

Querist : Anonymous

Querist : Anonymous (Querist)

02 December 2016 But sir as per my knowledge put to use concept applicable on deprection as per companies act. Not for dep as per IT act.

Pls clarify...