Addational Depreciation

dear kumar

additional dep. is available only in the first year of use.it is the first time eligibility.

regards

tarun rustagi

addl depreciation can be claimed only for the first year of purchase...as it is, this provision exists to promote new puchases of certain kinds....so extending such dep 2 more number of years is simply meaningless n illogical...

DEAR KUMAR

ADDITIONAL DEPRICIATION CAN BE CLAIM ONLY IN THE FIRST YEAR OF PURCHASE OF NEW ASSET (PLANT & MACHINERY  )
 

Income tax act provides a clause of Additional Depreciation @ 20% to that Mfg.concern, only if the Plant & Machinery is Newly purchased during the previous year...
 

I am Agree to raghav

i m agree with charu

no

available only in the first year of purchase & put to use

Dear Friend

you can take exemption u/s 32a only for first year and max rate is 20%

if assets is used / put to used for less then 180 days then dep rate is 10% only and you can not claim another 10% in any year

So only first year

Regards

you can take exemption u/s 32a only for first year and max rate is 20%

if assets is used / put to used for less then 180 days then dep rate is 10% only and you can not claim another 10% in any year