https://www.taxtmi.com/article/detailed?id=112 When an asset is put to different uses attracting different prescribed depreciation rates, the rate is governed by actual use. For buildings the "mainly used" test determines the applicable rate, but exclusive use for a higher rated purpose during the year permits claiming the higher rate for the full year. For non building assets the occurrence of use in a higher rated activity at any time in the previous year entitles the assessee to the higher rate, and beneficial classification may support applying that rate for the whole period. en-us Thu, 10 Jul 2008 00:00:00 +0530 Fri, 06 Mar 2009 18:26:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=112 When an asset is put to different uses attracting different prescribed depreciation rates, the rate is governed by actual use. For buildings the "mainly used" test determines the applicable rate, but exclusive use for a higher rated purpose during the year permits claiming the higher rate for the full year. For non building assets the occurrence of use in a higher rated activity at any time in the previous year entitles the assessee to the higher rate, and beneficial classification may support applying that rate for the whole period. Articles Income Tax Thu, 10 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=112