Dear All
i am confused while calculating depreciation as per income tax on a asset purchased and put to use on 3rd October, 2012. Depreciation shall be taken at half of normal rate if asset is put to use for less than 180 days. Now i am confused whether date of put to use of asset is considered while calculating 180 days or not?????? Bcoz if i take that than abovesaid asset is used for 180 days and if i dont take that than asset is used for 179 days, and depreciation will be changed ccordingly. So plzz clear this issue, thanks in advance
CAclubindia
