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Depreciation

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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 ?

28 September 2009 Accordingly to Income Tax Act, 1961 Defination the assets should be put to use for claiming depreciation thanks

28 September 2009 Yes Half Depreciation taken. less then 180 days taken


29 September 2009 Agree



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