Delay in commissioning of Wind Mill due to COVID-19

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..... Delay in commissioning of Wind Mill due to COVID-19
Query (Issue) Started By: - gvenugopal g Dated:- 23-6-2020 Last Reply Date:- 23-6-2020 Income Tax
Got 1 Reply
Income Tax
Dear Experts, .....

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..... 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 0 .....

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..... 8.06.2020, 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 t .....

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..... he above Fixed assets can be booked on 31.03.2020 and claim half year depreciation for FY 2019-20? Thanks & Regards: G.Venugopal Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: In my view it is doub .....

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..... tful. However other views in this regard are expected.
Discussion Forum - Knowledge Sharing .....

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