Depreciation

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Lalit (Querist)
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27 September 2014 I purchased a assets in the year 2012-13 and i have not put to use during this year. Now in the year 2013-14 i put to use in Nov. how much depreciation can i claim.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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28 September 2014 Not available. The asset should be acquired and installed in the same year to be eligible for additional depreciation. Refer below link--

http://www.indiataxes.com/Information/incometax/contents/pgbp/allowdeductions/specificdud/specific_dud_3.htm

Lalit

Lalit (Querist)
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30 September 2014 Sir,
I am not asking for additional depreciation i am asking for regular depreciation for an assets which is purchased in 2012-13 but put to use in Dec. 2014.

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CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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30 September 2014 You can claim regular depreciation as per the rates applicable for the Asset.

Lalit

Lalit (Querist)
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30 September 2014 for full year or half year

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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30 September 2014 if used for 180 days or more full depreciation can be claimed.