28 March 2009
APR 30 MAY 31 JUN 30 JUL 31 AUG 31 SEPT 30 OCT 31 NOV 30 DEC 31 JAN 31 FEB 28 MAR 31 365
ACCORDING TO THIS F Y 2008-09 IF WE CALCULATE EXACT DAYS, 180 DAYS WILL BE STARTED FROM 3RD OCTOBER, SO IN MY OPENION ASSET PURCHASED ON OR AFTER 3RD OCTOBER SHOULD BE ELIGIBLE FOR 50% DEPRICIATION.
29 March 2009
I am sorry for being rude! But why at all should such silly questions be raised in the forum? Cannot one, count the number of days an asset has been put to use, by himself? Does someone want an assistance in this regard? Lets not misuse this forum by posing questions just for the heck of it! I once again feel sorry for having had to reply in this manner.
29 March 2009
Dear Jayesh the assets purchased on or after 4th Oct will be eligible for 50% dep. In your question all the assets are eligible for 100% dep as it is put use on or before 03.10.