Machinery not actively used still qualifies for business purposes, allowing depreciation claims under tax rules.

Machinery not actively used still qualifies for business purposes, allowing depreciation claims under tax rules. https://www.taxtmi.com/highlights?id=41843 Once, the machinery was available for use, though not actually used, falls within the expression used “for the purpose of business of the assessee” and claim the benefit of depreciation. en-us Fri, 05 Oct 2018 12:51:30 +0530 Fri, 05 Oct 2018 12:51:30 +0530 TaxTMI RSS Generator Machinery not actively used still qualifies for business purposes, allowing depreciation claims under tax rules. https://www.taxtmi.com/highlights?id=41843 Once, the machinery was available for use, though not actually used, falls within the expression used “for the purpose of business of the assessee” and claim the benefit of depreciation. Highlights Income Tax Fri, 05 Oct 2018 12:51:30 +0530 https://www.taxtmi.com/highlights?id=41843