Can anyone provide me articles on claim of additional depreciation in subsequent years
2 Replies
Sandeep Keswani
(Tax Consultant)
(1064 Points)
Replied 08 December 2009
Not so sure about articles................but u can find a number of judgements on Additional Depreciation in Taxmann, ITR, etc. I think that will be very useful.
RAJESH DOLAWAT
(KOLKATA)
(30 Points)
Replied 08 December 2009
| Originally posted by :Shashank Kasat | ||
| " | Can anyone provide me articles on claim of additional depreciation in subsequent years | " |
Additional depreciation is allowed only in the year of installation not in the subsequent years.
Rate is 20%.
However Practically u can do and fight bt for exam purpose it is allowed only in the year of installation.Again the Machinery must b new not the old one.
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