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additional depreciation section 32(iia)

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(Querist)
22 June 2009 what if additional depreciation under section 32(iia) is not claimed even if it is eligible to be claimed? can we claim the normal depreciation as if there were no additional depreciation ?
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chetan soni

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chetan soni (Expert)
22 June 2009 Yes you can claim that. But at the time of sale of plant the department will calculate the WDV considering the additional dep.

It is considered as deemed depreciation allowed. ITO may make such addition to income.

Experts please clarify the issue, in case me view is incorrect.
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Ratan Sharma

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Ratan Sharma (Expert)
22 June 2009 Agreed with Chetan.
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