Depreciation
This query is : Resolved
27 September 2014
I purchased a assets in the year 2012-13 and i have not put to use during this year. Now in the year 2013-14 i put to use in Nov. how much depreciation can i claim.
28 September 2014
Not available. The asset should be acquired and installed in the same year to be eligible for additional depreciation. Refer below link--
https://www.indiataxes.com/Information/incometax/contents/pgbp/allowdeductions/specificdud/specific_dud_3.htm
https://www.indiataxes.com/Information/incometax/contents/pgbp/allowdeductions/specificdud/specific_dud_3.htm
30 September 2014
Sir,
I am not asking for additional depreciation i am asking for regular depreciation for an assets which is purchased in 2012-13 but put to use in Dec. 2014.
I am not asking for additional depreciation i am asking for regular depreciation for an assets which is purchased in 2012-13 but put to use in Dec. 2014.
30 September 2014
You can claim regular depreciation as per the rates applicable for the Asset.
30 September 2014
if used for 180 days or more full depreciation can be claimed.
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