Depreciation
This query is : Resolved
28 September 2009
If a car is paid for on 29th september 2009 but delivery of the car is made on 15th october 2009 then will the car fall in the 50% depreciation block or the normal 15% block ?
And what if only part payment is made on 29th september ?
And what if only part payment is made on 29th september ?
Kapil Arora
(Expert)
28 September 2009
Accordingly to Income Tax Act, 1961 Defination the assets should be put to use for claiming depreciation thanks
CA CHINTAN AJMERA
(Expert)
28 September 2009
Yes Half Depreciation taken. less then 180 days taken
Ratan Sharma
(Expert)
29 September 2009
Agree
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