This discussion clarifies depreciation rules for hospital life-saving equipment, specifically a Colour Doppler machine. While the standard depreciation rate is 40% annually, you cannot claim the full amount retroactively if lower rates were previously applied. Depreciation must be claimed consistently at the established rate for the asset's life.
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 ?