Depreciation

good question, I also want to know

this rule is applied in each year in which asset is purchased & put to use for less than 180 days.

this rule of depreciation is for assets. no link with incorporation of company. so when u purchase any asset during the year with less than 180 days. only half year dep is charged on the asset.

yes jitendra is right. we have to only see the date of put to use of asset.

There is no matter concerned to incorporation of a company. It (180 days calculation) will be considered from the date of purchase of asset to date of B/S every year.

The period of 180 days is relevant only in the first year.  From next year onwards depreciation will be charged at the full rate irrespective of its usage.

Depreciation is not related to incorporation .....it is related to fixed assets and this rule is connected with the purchase of any fixed asset in between financial year

I want  formate of Income Tax Savings and Investment Declaration from Employess

50% of depreciation is applied only in the first year of purchase of assets and not the subsequent year of assets. from next year full 100% deduction is allowed

Is there any additional depreciation applicable for assets purchased during the year as per co. act and it act