13 May 2015
I have purchase a machine for my factory on dated 03-02-2015 whose depreciation rate is 15%, what should be depreciation rate as on 31-03-2015. will it be charged at 15% or half i.e. 7.5%. will income tax department will allow the depreciation at 7.5% for just 2 months usage. reply pls.
CAclubindia
