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Depreciation

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(Querist)
28 September 2009 If a car is paid for on 29th september 2009 but delivery of the car is made on 15th october 2009 then will the car fall in the 50% depreciation block or the normal 15% block ?
And what if only part payment is made on 29th september ?
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Kapil Arora

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Kapil Arora (Expert)
28 September 2009 Accordingly to Income Tax Act, 1961 Defination the assets should be put to use for claiming depreciation thanks
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CA CHINTAN AJMERA

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CA CHINTAN AJMERA (Expert)
28 September 2009 Yes Half Depreciation taken. less then 180 days taken
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Ratan Sharma

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Ratan Sharma (Expert)
29 September 2009 Agree
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