Accelerated depreciation

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..... Can the school use accelerated rate of depreciation for some of its assets - computer and accessories as the school replaces them every three years. Traditionally school has adopted the wdv rates as p .....

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..... rescribed under Income tax act for all its assets. - Reply By Rama Krishana - The Reply = No assessee or school can opt for rates of depreciation as per its whims - the rates of depreciation have been .....

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..... provided under the income tax - on computers it is 60%. Once you go for WDV method of depreciation, there is no question of availing depreciation in equal three installment to setoff in three years. .....

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..... As long as block would exist, you may replace the assets any number of times, but depreciation can not be limited to three years. - Accelerated depreciation - Query Started By: - seetha lakshmi Dated .....

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..... :- 8-7-2010 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxman .....

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..... agementindia.com - TMI - TaxTMI - TMITax .....

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