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Depreciation under sec 32 ac

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(Querist)
30 October 2017 Whether depreciation under sec 32 AC should be taken 15% or 7.5% when asset put to use is less than 180 days??
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Ashiwini Ballodia

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Ashiwini Ballodia (Expert)
30 October 2017 Depreciation to be charged @ 15% (i.e 100%) even if it is used for less than 180 days
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snehal

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snehal (Querist)
30 October 2017 If in books there is deffered tax asset then net profit for ratios calculation in 3cd should be excluding this or not???
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Ashiwini Ballodia

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Ashiwini Ballodia (Expert)
30 October 2017 As per me Net Profit to be taken as books i.e. no adjustment to be made for Deffered Tax because GP & NP to be taken as per books and not per IT Act
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Ashiwini Ballodia

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Ashiwini Ballodia (Expert)
30 October 2017 Opinion of other expert are also welcome

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