Guys needed your help

Put to use  - Asset available for use by the assessee. Actual usage of asset is irrelevant

Hence depreciation will be allowed in both the  years.

Interesting topic to discuss and to get it concluded correctly.

I think there is a case law on this........i will check it and come up again...

@ Srinivas: That is because AS-6 (Accounting for Depreciation) also states to charge depreciation once the asset is ready to use irrespective of the fact whether it is used actually in a particular year or not.

i agree with arihanth.if asset is ready to put in use,you can claim depreciation for the year 2009-10

okk. actually m not contradicting with sum one but i have confusion regarding it so just wanna to clear out.

but what about car, bikes etc. ??

we can claim dep. in the same year in which we purchased.

correct me if i m wrong.

Yes, you can.

actually income tax act says about immovable property or proprty which needs installation. and silent on movable property .... as far as my knowledge is concerned. so on movable property we will claim dep. in the year of purchase itslf. 

Cars are covered under P & M.

Suppose a Person purchased a Car on 31st March and put to use on same date even then he can claim 50% of the  depreciation of the full year i,e @ 7.5% (50% of 15%).

ya but it is movable property so it will be charged to dep. in the year of purchase..