01 December 2008
income tax rules allows 100 % depricition on temporary structure and also in case of assets of Rs. 5000/- or less. If the assets is held for less than 180 days than what would be rate of depriciation whether 50 % (50% of 100 %) or 100 %
02 December 2008
Appendix -1 of rule 5 of income tax rules, 1962 contains 100% depreciation rate on purely temporary erections such as wooden structures.
02 December 2008
Sir as you rightly said that the Appendix -1 of rule 5 of income tax rules, 1962 contains 100% depreciation rate on purely temporary erections such as wooden structures. Pl let me know if the temporary erection is for 180 days than will the depreciation will be allowed only for six months or full year.
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