Additional Dep on Plant & Machinery
This query is : Resolved
Mahender Jain
(Querist)
28 April 2010
according to IT Act, we can claim addition 20% dep Only on addition on Plant and machinery
so if We make addition on 30.05.09 then its ok we will get Full 20% dep on Addition
But if we make Addition on 20.01.10 then Half of 20% we will take in FY 2009-10 then other half of 20% we can get in 2010-11 or not
i.e. this additional dep only applicabale for Current year and for One year from addition
so if We make addition on 30.05.09 then its ok we will get Full 20% dep on Addition
But if we make Addition on 20.01.10 then Half of 20% we will take in FY 2009-10 then other half of 20% we can get in 2010-11 or not
i.e. this additional dep only applicabale for Current year and for One year from addition
28 April 2010
YOU CAN NOT GET THAT EXTRA 10% IN 2010-11.
APPLICABLE ONLY IN THE YEAR OF PURCHASE.
APPLICABLE ONLY IN THE YEAR OF PURCHASE.
28 April 2010
Hello Jain saab,
Its not allowed dear, section does not provide so, so sorry u cant take the benefit of balance, k
regards,
CA Jatin Bansal
Chandigarh
Its not allowed dear, section does not provide so, so sorry u cant take the benefit of balance, k
regards,
CA Jatin Bansal
Chandigarh
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