Delay in commissioning of Wind Mill due to COVID-19, Income Tax

[gvenugopal g]

Dear Experts,

Good Morning!.

Wind Mill installed in February-2020 and would have commissioned before 31-03-2020 so as to claim depreciation @40% for half year. But unfortunately the WTG Grid was commissioned on 08.06.2020, the reason for delay was due to COVID-19.

As we all aware that CBDT already announced postponement of all statutory payments/events from 31.03.2020 to 30.06.2020. Kindly clarify whether the above Fixed assets can be booked on 31.03.2020 and claim half year depreciation for FY 2019-20?

Thanks & Regards: G.Venugopal

Posts / Replies

[DR.MARIAPPAN GOVINDARAJAN]

In my view it is doubtful. However other views in this regard are expected.