Easy Office
LCI Learning

When to Claim Depreciation 50% as per income tax

This query is : Resolved 
Profile Image

Profile Image

(Querist)
24 March 2022 when to Claim Depreciation 50% as per income Tax.
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
25 March 2022 When the asset is used for less than 6 months in a financial year 50% depreciation is claimed.
Profile Image

CA Puja Sharma

Profile Image

CA Puja Sharma (Expert)
25 March 2022 When the assets are being used for less than 6 months in the FY then you have to claim 50% of the depreciation under Income Tax Act, 1961.
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links