depreciation on purchase 31-10-2017

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20 Points Posted on 09 March 2018
please depreciation on fixed assets on purchase and use date 31-12-2017 full ya half yearly
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On 09 March 2018 at 16:25 Report
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Ur friend
20 Points Posted on 09 March 2018
Only 50% of normal depreciation will be allowed since asset is put to use for less than 180 days in the year purchase.
Normal depression means 100% depreciation of applicable rate.
Query is being replied as per Income Tax Act, 1961.
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On 09 March 2018 at 17:25

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