Machinary purchased in 19-20 but put to use in 20-21. Can additional Depreciation be claimed on such Machinary?
Is "put to use" also a condition for claim of additional Depreciation
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Additional Depreciation
Replies (4)
Yes additional depreciation can be claimed @ 20%
In which year?
In 20-21. Make sure with others also
Yes depreciation can be claimed after the asset is put to use. Claim the additional depreciation in FY 2020-21.
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