Depreciation
This query is : Resolved
Guest
Guest
(Querist)
30 September 2014
any machinery purchased on 30th March then what will be the effect of depreciation?
30 September 2014
If the machinery is put to use on or before 31st March then 50% depreciation can be claimed i.e., @7.5% as per IT Act. If eligible then additional depreciation will also be available 50% i.e., 10%.
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