https://www.taxtmi.com/article/detailed?id=17440 Depreciation on newly acquired assets is restricted to 50% of the prescribed rate where the asset is acquired during the tax year and put to use for less than 180 days. The 2025 wording omits the expression "for a period" used in the corresponding 1961 provision. While the earlier expression is understood to refer to the elapsed period of use rather than actual working days, the revised wording may support an interpretation based on actual operational days, potentially causing disputes over full-year depreciation eligibility. en-us Mon, 21 Sep 2026 08:57:45 +0530 Mon, 21 Sep 2026 08:57:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=17440 Depreciation on newly acquired assets is restricted to 50% of the prescribed rate where the asset is acquired during the tax year and put to use for less than 180 days. The 2025 wording omits the expression "for a period" used in the corresponding 1961 provision. While the earlier expression is understood to refer to the elapsed period of use rather than actual working days, the revised wording may support an interpretation based on actual operational days, potentially causing disputes over full-year depreciation eligibility. Articles Income Tax Mon, 21 Sep 2026 08:57:45 +0530 https://www.taxtmi.com/article/detailed?id=17440