About additional depriciation
This query is : Resolved
vivek jain
(Querist)
13 August 2013
we have mfg. company and i have purchased new plant & machinery after september2012. whether we have claimed remaining additional depriciation in subsequent year 2013 ?
CA PARAS BAFNA
(Expert)
13 August 2013
Additional Depreciation can be claimed only in the first year. There remains no balance left even if you can claim 50% in the first year.
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