Additional Depreciation

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 November 2009 can Additional depreciation be claimed if asset was acquired prior to 01.04.05 but put to use after 01.04.05?can u give me the reference of any circular or judgement relating to it?

CA Devanshi Gandhi (Ajani)

CA Devanshi Gandhi (Ajani) (Expert)
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25 November 2009 no

Additional depreciation can be claim if any new machinery or plant (excluding ships and aircrafts) acquired and installed after March 31, 2005

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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25 November 2009 Look out the installation date also.

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chetan soni

chetan soni (Expert)
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25 November 2009 the condition is acquired and installed after March 31, 2005. The word "and" says that both should happen on or after 31st March 2005.

So you can not claim the additional depreciation.