Depreciation for Second hand machinery purchased

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..... Depreciation for Second hand machinery purchased
Query (Issue) Started By: - Ramanathan Seshan Dated:- 10-3-2025 Income Tax
Income Tax
Dear Experts, Hope this message finds you well. I am .....

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..... seeking clarification regarding the charge of depreciation in the context of a transaction between Company A and Company B. Here's the scenario: Company A purchases machinery from Company B and it ha .....

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..... s been using it for three years. As per the management policy of the company A a similar asset has a useful life of 5 years. With reference to the above, I would like to understand the following: a) .....

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..... Should we now account for the depreciation for 2 years only as per the IT depreciation rate? b) What can be other possible way to harvest tax if we want to keep account for depreciation for 5 years .....

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..... under IT Act? Thanks in advance Best Regards, S Ram
Discussion Forum - Knowledge Sharing .....

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