https://www.taxtmi.com/forum/issue?id=1927 Depreciation is allowable only when an asset is put to use in the business; assets purchased before business commencement do not attract depreciation. Taxpayers must begin claiming depreciation in the year the asset is first used for business purposes, not during any pre commencement period. en-us Tue, 11 May 2010 14:57:35 +0530 Thu, 23 Jan 2025 15:58:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1927 Depreciation is allowable only when an asset is put to use in the business; assets purchased before business commencement do not attract depreciation. Taxpayers must begin claiming depreciation in the year the asset is first used for business purposes, not during any pre commencement period. Discussion-Forum Income Tax Tue, 11 May 2010 14:57:35 +0530 https://www.taxtmi.com/forum/issue?id=1927