Accelerated depreciation

[seetha lakshmi]

How to compute? Is this allowable under the Income Tax Act, 1961

AI Summary

Accelerated Depreciation's Relevance Declines with Reduced Rates; Computers Still Eligible for 60% Under Income Tax Rules. A user inquired about the computation and allowance of accelerated depreciation under the Income Tax Act, 1961. A respondent explained that accelerated depreciation has lost significance due to reduced depreciation rates in the Income Tax Rules for various assets. Initially, higher rates were termed as accelerated depreciation because they exceeded normal rates. Depreciation should be claimed based on the prescribed rates in the Income Tax Rules on a written down value (WDV) basis. For computers, a higher depreciation rate of 60% is allowable.