Provision related to depreciation as per u/s 32 of Income Tax Act

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..... Provision related to depreciation as per u/s 32 of Income Tax Act
Query (Issue) Started By: - Rachit Agarwal Dated:- 11-5-2010 Last Reply Date:- 21-5-2010 Income Tax
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Income Tax

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..... r>Whether depreciation is allowed pre-commencement of business such as computers, office equipment. As per Section 32, depreciation is allowed on the basis of put to use, not on the basis of commencem .....

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..... ent of business kindly clarify. Reply By Surender Gupta: The Reply: You query is not clear. Did u purchased the computers and equipments before commencement of business? Section 32 puts the condition .....

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..... of put to use. Therefore, when you start your business and starts using the assets, you can start claiming the depreciation as per the provisions of section 32. There is no concept of depreciation du .....

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..... ring the pre-commencement of business as per section 32.
Discussion Forum - Knowledge Sharing .....

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