Depreciation as per income tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 December 2016 Dear Experts
A machinery was purchased as on 17/6/2015 however the same was put to use from 8/2/2016 pls clarify in this case weather depreciation would be charged 7.5% or full 15% on this machinery in AY 2016-17?

Regards
Ankur Mehta

02 December 2016 you have consider Put to use , so you can calculate depreciation 7.5% for AY 2016-17

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Querist : Anonymous

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02 December 2016 But sir as per my knowledge put to use concept applicable on deprection as per companies act. Not for dep as per IT act.

Pls clarify...



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