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.
4 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 29 June 2018
You can claim Half Yearly for the PM as per Income Tax...
Ch. Sai Sudha Mohan
(Income Tax Practitioner)
(241 Points)
Replied 29 June 2018
calculate depreciation for half year
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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