Additional depreciation-Urgent help

This query is : Resolved

ANOOP V.P (Querist)
Follow

29 May 2021 whether additional depreciation can be claimed in each financial year?

if yes, on which amount? whether on actual cost or on WDV of asset?

I am asking about additional depreciation of subsquent PY

Eg- Cost-100,000/-
Addition-50000/- (less than 180)
depreciation-23750/-
WDV- 126250

what is next year depreciation and aditional depreciation?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

29 May 2021 Additional depreciation can be claimed in first year only. In case of asset less than 180 days claim 50% in current year and balance 50% in next year.