banner_ad

Depreciation

This query is : Resolved 
Profile Image

Profile Image

(Querist)
17 September 2019 If the machinery was not put to use throughout the year can we stop claiming depreciation during the year? Can the experts explain please?
Profile Image

CA Guru Manohar

Profile Image

CA Guru Manohar (Expert)
17 September 2019 No, Partially Yes.

As per companies act, Schedule II

You can charge depreciation for an asset over its useful life, Here useful life is which an asset is expected to be available for use by an entity. so irrespective of put to use status you can charge depreciation in books of accounts.

https://www.mca.gov.in/SearchableActs/Schedule2.htm

As per Income tax act

But as per Sec 32, You can charge depreciation of an asset only for the period of Put to use.

the logic behind in taxation is you can claim depreciation exp only for the period you have been used the asset for business purpose and generate revenue from the usage.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
ARTICLESHIP 05 May 2026
ARTICLED ASSISTANT

JS ADVISORS

New Delhi

CA Inter

View Details
Company
01 May 2026
Chartered Accountant

Agrawal Jain & Co.

Raipur

CA

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details