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sec-32

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(Querist)
02 August 2010 Under sec.32 normal dep. is not allowed as deuction if value of block of asset(plant & mach.) is nil. Is it true in case of additional depreciation also?
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
02 August 2010 YES IT IS TRUE,
AS PER INCOME TAX DEPRECIATION MEANS NORMAL DEPRECIATION AND ADDITIONAL DEPRECIATION.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
02 August 2010 Yes. Anything into zero is zero only.



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Taranjit Singh

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Taranjit Singh (Expert)
02 August 2010 Correct.

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