This Year ( F.Y. 2016-17) We have Purchased a new Machine Value 1.10 Crores dated 12/01/2017 & Production Start 02/02/2017 . Now Our Question is which process Income Tax (ITR 5) Depreciation Calculation for the above Machine after year ending because Online Depreciation Calculation always auto claculate 06 Month basis .
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Depreciatiopn
Replies (1)
If the asset is used for less than 180days, then only half depreciation will be allowed which is correct.
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