Additional depreciation

If the asset is acquired during the previous year and put to use for less than 180 days during the previous year then additional depreciation shall be rescrited to 10% of the actual cost of the asset??

In the above case whether balance of 10% can be claimed as additional depreciation in the next year or not??

Replies (5)

the concept of additional depreciation applicable for the firt year only.

you can not claim the balance in additional depreciation for subsequent years

Thank u sir.

But can u provide me any case law or any reference in this regard then it vill be helpful for me...

I din't find any case law as such.. But I do agree with sir Dathaprasad.. You can claim additional depreciation only during the year the new asset has been purchased.. And if the asset is purchased < 180days then provide only 10% of additional depreciation..

ok..

thanks a lot to CA Dathaprasad  & Mary Asha

THE ADDITIONAL DEPRECIATION CAN CLAIM ONLY ONE TIME WHEN ANY MANUFACTURING CONCERN PURCHASE NEW MACHINERY, AND THESE DEPRECIATION ANLY CLAIM ON THAT YEAR WHEN MACHINERY PURCHASED. 

NOTE: IF I AM WRONG THEN PLEASE SUGGEST ME. 

THANKS

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