Depreciation on life saving equipments in hospital
This query is : Resolved
19 June 2020
For colour doppler machine ( included in list of life saving equipment) depreciation is 40% in a year. Machine purchased in Feb. 2017, depreciation claimed was only 10% to 15% in 2017-18 & 2018-19 ITR.
Can I claim 70% to 80% depreciation in 2019-20 ITR ?
Can I claim 70% to 80% depreciation in 2019-20 ITR ?
19 June 2020
No, because act doesn't say so.
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19 June 2020
Thank you sir. So maximum 40% depreciation can be claimed in current year.
19 June 2020
No you cannot claim it now. You have to continue with that rate.
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