additonal depreciation

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 February 2011 suppose we purchased P&M in P.Y. 08-09. but installed and used it on 14-04-2009. so, will we be provided additional depreciation of 20% in P.Y. 09-10 or not...

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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20 February 2011 Yes, if the P&M has been acquired in P Y 08-09 but put to use in PY 09-10 on 14-04-2009 , additional depreciation can be claimed @20%.

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Guest

Guest (Expert)

20 February 2011 Bafnaji,

What is your opinion on the dispute that additional depreciation is available for first year only or for every year?

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CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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20 February 2011 Additional depreciation is available for the first year only and not for every year.

There is no dispute regarding this issue.