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Depreciation if assets being used day and night

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 June 2016 Dear Experts,
Some assets are being used day and night
For Example..in production machine are being assets day and Night,
plz tell me as per IT act. Will only
15% depreciation be allow
To charge even if the assets
Being used day & Night,

With Warm Regard
Govind kumar
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
02 June 2016 Yes, only 15% Depreciation allowed as Per Income Tax Act.
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Querist : Anonymous

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Querist : Anonymous (Querist)
02 June 2016 Sir,
NO excess dep. Is allow even if assets
Used day and Night,
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Rupesh Jain

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Rupesh Jain (Expert)
02 June 2016 there is no diff. single shift or double shift, rate will remain same.
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