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Additional depreciation - section 32

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27 July 2016 AS PER AMENDMENT IN SECTION 32 RELATED TO ADDITIONAL DEPRECIATION...

PLEASE CLARIFY WHETHER 50% OF ADDL. DEPRECIATION RELATED TO F/Y 2014-15 WILL BE AVAILABLE IN F/Y 2015-16.. AS PER AMENDMENT, SAME IS APPLICABLE WITH EFFECT FROM 1ST APRIL 2016.

27 July 2016 This amendment will take effect from 1 April, 2016 and will, accordingly, apply in relation to the assessment year 2016-17 and subsequent assessment years.

28 July 2016 As clarified by Mr. SankeT, the amendment is applicable for the new assets acquired on after 01.04.2015 i.e. from AY 2016-17.






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