A computer was purchased on mar 10 2017( previous FY), however, put to use on Dec 2017...
then what rate of dep. shall be applicable?? for AY 18-19
40%
or
20% (40%×50%) ---(below 180 days concept)
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Depreciation on Computer less than 180 days
Replies (5)
I understand that depreciation is 30 percentage which is half of 60 percentage pl check
in income Tax dep. on assets will be charged from the date of put to use, therefore it is 20%.
It should be 20%. Dep rate is calculated from the date asset is put to use
okh..thanx to all..
since the property was put to use less than 182 days, the depreciation will be 50% of eligible depreciation rate I.e. 20% (50% of 40%)
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