Accelerated depreciation

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..... Accelerated depreciation
Query (Issue) Started By: - seetha lakshmi Dated:- 8-7-2010 Last Reply Date:- 9-7-2010 Income Tax
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Income Tax
How to compute? Is this allowable under t .....

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..... he Income Tax Act, 1961 Reply By DEV KUMAR KOTHARI: The Reply: This is with reference to Issue ID 2046 and 2048. The concept of accelerated depreciation has really been lost significance after the ra .....

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..... tes of depreciation were reduced in IT Rules from time to time for various assets. In fact the higher rates were also rate of normal depreciation, allowable in normal course. Only because higher rates .....

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..... were prescribed, they were called accelerated deprecation initially. Depreciation is to be claimed as per rates prescribed in IT Rules on WDV basis as you are doing now. In case of computers higher .....

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..... rate of 60% is allowable.
Discussion Forum - Knowledge Sharing .....

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