Additional depreciation -section 32(i)(iia)

sivaram (Asst Mgr-Taxation) (6918 Points)

28 June 2011  

1.Suppose an Assessee Purchases a new plant costing 30000 and put to use immediately in June 2010.

Normal Depreciation for this block is 100%

Should we need to compute Additional Depreciation on this plant say 20%

 

2.When a new plant costing 30000 is acquired in sep 2010 and put to use in Nov 2010 thereby usage is less than 180 days  Normal depreciation is 15%

Should I compute addl depreciation only for 10%

and is it possible for me to claim additional depreciation for next year for another 10%

Please give Your views