Accelerated depreciation

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... How to compute? Is this allowable under the 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 depreciatio .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... n has really been lost significance after the rates 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, allow .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... able in normal course. Only because higher rates were prescribed, they were called accelerated deprecation initially. Depreciation is to be claimed as per rates prescribed in IT Rules on WDV basis .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... as you are doing now. In case of computers higher rate of 60% is allowable. - Accelerated depreciation - Query Started By: - seetha lakshmi Dated:- 8-7-2010 Income Tax - Got 1 Reply - Income Tax - .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X