Depreciation query

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Mohan (Querist)
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30 July 2013 Whether a woman working on retaininership with a company, if does not raise any bill/debit note after first 4 months of the F.Y. due to preganancy (i.e. she does not do any business), allowed depreciation on fixed assets for the whole year? She paid service tax only for 4 months. What is the interpretation of Act, any case laws favouring/disfavouring the assessee?

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CA UMESH DULAL

CA UMESH DULAL (Expert)
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30 July 2013 Depreciation can be claimed once the assets is put to use till the disposal/cession of assets whether it is earning income for the business/profession provided it is business asset

so you can claim depreciation for idle period of 4 months

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