Additional dep u/s 32(1)(iia)

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SUNIL ARORA (Querist)
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10 April 2014 whether additional depreciation is allowable u/s 32(1)(iia) @10% for next asst year if in previous year addition is made after 30th sept

Shudhanshu Agrawal

Shudhanshu Agrawal (Expert)
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10 April 2014 No. According to section 32(1)(iia) and relevant explanations to the said section in case any plant and machinery is used for less than 180 days in a previous year depreciation shall be allowed at 50%. In such a situation additional depreciation shall be allowed @ 10%. No further additional depreciation will be allowed in next previous year.

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