Dear Sir
If Machine Purchase on 10 Jan 2018. How can i calculate Depreciation on Machine. Dep charged on 3 months or half yearly please clearify
thanks
Under Income Tax, you can claim depreciation for 6 Months.
vinod kumar pal (Tax Consultant) (415 Points)
29 June 2018
CA Ankit R Momaya
(Partner at Bhat Momaya & Associates)
(2319 Points)
Replied 29 June 2018
Under Income Tax, you can claim depreciation for 6 Months.
RAJA P M
("Do the Right Thing...!!!")
(128085 Points)
Replied 29 June 2018
Ch. Sai Sudha Mohan
(Income Tax Practitioner)
(241 Points)
Replied 29 June 2018
Saravana kumar
(Tax Consultant)
(170 Points)
Replied 29 June 2018
if less than 180 days, then 50% of depreciation and 50% of additional depreciation for Plant and machinery
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