Additional depreciation

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

02 May 2016 Dear sir,
Plz tell me....1) what condition
Should be fulfill to claim addition
Depreriacition...2) will additional depreciation
Be charged once or every year if every year..3)
Assume A machinery was put to use on
10/12/2015 as per the rule only 10% addtional
Dep. Can be charged in AY 2016-17 and rest
Of 10% in AY 2017-18 if addtional dep. Will
Be charge every year then in AY 2017-18
30% Additional dep. Will be charged..right,

Expecting reply soon..

Thanx & Regard
Mohan singh

Rupesh Jain

Rupesh Jain (Expert)
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02 May 2016 additional dep. for the year in which you take new machine. and also from 2016-17 you take also 50% of additional depreciation can claim in next year, whose you cannot claim due to new machinery not use 182 days in previous year.

CA Himanshu Ojha

CA Himanshu Ojha (Expert)
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02 May 2016 1) Additional depreciation is allowable only on plant & machinery. 2) No, additional depreciation on a particular machinery can be charged only once. 3) For AY 2017-18, additional depreciation will be only 10%; not 30% Hope this clarifies your doubt.

Querist : Anonymous

Querist : Anonymous (Querist)

02 May 2016 Sir... plz let me know weather A machinery
is eligible for only 20% additional dep. Once,
or 20% additional dep. Will be charged every
Year

CA Himanshu Ojha

CA Himanshu Ojha (Expert)
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02 May 2016 20% additional depreciation only once.