If the asset of a particular block is acquired and put to use during the previous year for less than 180 days, the assessee shall be entitled to depreciation___________

Question

Quizplus · Accepted Answer

When an asset is acquired and put to use for less than 180 days in a financial year, the assessee is entitled to claim depreciation at 50% of the normal rate for that year. This rule is designed to account for the reduced usage period of the asset within that financial year.

If the Asset of a Particular Block Is Acquired and Put