TaxTMI 
TaxTMI 
How to compute? Is this allowable under the Income Tax Act, 1961
Accelerated depreciation
08 Jul 2010 
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Accelerated depreciation: claim depreciation under prescribed WDV rates; higher prescribed rates no longer create a separate allowance.
Depreciation must be computed and claimed in accordance with the rates prescribed under the Income Tax Rules on a Written Down Value basis; historical higher rates labelled as accelerated depreciation did not create a separate allowance and taxpayers may claim only the rule prescribed rates for the applicable asset categories. (AI Summary)
Depreciation must be computed and claimed in accordance with the rates prescribed under the Income Tax Rules on a Written Down Value basis; historical higher rates labelled as accelerated depreciation did not create a separate allowance and taxpayers may claim only the rule prescribed rates for the applicable asset categories. (AI Summary)