Additional depreciation
arihant sarawagi (1 Points)
15 October 2018
Does an eligible assessee allowed additional depreciation on a new car?
4 Replies
CA Sunil Kumar
(Chartered Accountant)
(4524 Points)
Replied 15 October 2018
Additional depreciation is not allowed on road transport vehicle like car, scooter, truck,bus etc.
prasad Nilugal
(3914 Points)
Replied 15 October 2018
I think it's available only for. Manufacturer ,
Ashwin Kumar
(1234 Points)
Replied 15 October 2018
additional depriciation can be availed on only new plant and machineries installed and used during the year only for the purpose of manufacturing and even for concerns in the business of generation and distribution of power. additional depriciation can be claimed @ 20% if the asset has been put to use for more than 180 days and 50% of 20% if used less than 180 days. the rest can be claimed in the succeeding year.
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