Accelerated depreciation

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Lalita Sharma (Querist)
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26 August 2013 WHAT IS ACCELERATED DEPRECIATION IN iNCOME TAX ACT. THE FIGURE OF REVENUE FORGONE (UNION BUDGET OF INDIA) INCLUDED A FIGURE OF ACCELERATED DEPRECIATION. WHETHER IT IS ADDITIONAL DEPRECIATION OR SOME THING ELSE.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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26 August 2013 There is no concept of accelerated depreciation as mentioned by you under existing income tax act.
There is only normal depreciation and additional depreciation.

Lalita Sharma

Lalita Sharma (Querist)
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30 August 2013 BUT MINISTRY OF FINANCE IS USING THIS TERMINOLOGY FOR ASSESSING THE REVENUE FORGONE FIGURE.

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