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Depreciation

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(Querist)
04 August 2011 dear sir,

please specify that i have purchased the assets during the year but not put to use during the year, whether can i claim depreciation in the year in which it is purchased as per company act, also specify as per income tax act.
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CA. Dashrath Maheshwari

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CA. Dashrath Maheshwari (Expert)
04 August 2011 Assets purchased but not put to use is an investment in nature and depreciation can not be claimed

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