Depreciation from put to use or ready to use

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kunal (Querist)
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28 May 2011 Which date is releavent for the claim of depreciation in income tax, i.e. asset put to use or asset ready to use? Also which date will be releavent in follwing eg. The Co. has purchased and installed CCTV on 30.4.10 and started using the same from 1.11.10, then which date to be considered for depreciation?

CA MANOJ GUPTA

CA MANOJ GUPTA (Expert)
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28 May 2011 THE COURTS OVER THE YEARS HAS TAKEN READY TO USE AKIN TO PUT TO USE SO THERE WILL BE NO PROBLEM IN GETTING THE FULL DEPRECAITION

CA MANOJ GUPTA
JODHPUR
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