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Depreciaiton as per income tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 December 2013 we have purchased machine 200000 on 01.05.2011 and put to use on 01.12.2013 what will be deprecation in fy 2013-14.

is depreciation = 15000/-

OR

is depreciation = 30000/-

please clear my confusen...
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Manish Bhandari

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Manish Bhandari (Expert)
23 December 2013 Put to use is important so the date 01.12.2013 is relevant & 15000 will be the depreciation
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Ganeshbabu K

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Ganeshbabu K (Expert)
23 December 2013 asset used for less than 180 days in a year
.
.
hence =200000*15%*1/2=15000
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