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...
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?
What is your opinion on the dispute that additional depreciation is available for first year only or for every year?
20 February 2011
Additional depreciation is available for the first year only and not for every year.
There is no dispute regarding this issue.
There is no dispute regarding this issue.
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