Depreciation in case of cash system of accounting

CA Vaibhavi (Chartered Accountat) (88 Points)

12 April 2012  

 

In case the assessee is following cash system of accounting...then how depreciation will be calculated under Income Tax Act from the date of payment or from the date of put to use?
 
In case suppose advance is paid for fixed assets purchased in april and asset is put to use in october then at which rate depreciation will be calculated? Full rate or half rate...