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Depteciation as per income tax act

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 October 2014 if assets purchased during the FY 2012-13 , and used less than 180 days then depreciation charged on pro-rata basis 50% but for Financial year 13-14 sholud depreciation charge as per income tax on day wise basis.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
17 October 2014 the days calculation is applicable only to the year in which asset is put to use. for subsequent years full depreciation shall be provided.

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