Can anyone provide me articles on claim of additional depreciation in subsequent years
Shashank Kasat (Article Assistant) (50 Points)
08 December 2009Can anyone provide me articles on claim of additional depreciation in subsequent years
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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