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Additional Dep on Plant & Machinery

This query is : Resolved 
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(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
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
28 April 2010 YOU CAN NOT GET THAT EXTRA 10% IN 2010-11.
APPLICABLE ONLY IN THE YEAR OF PURCHASE.
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Professional Careers Academy

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Professional Careers Academy (Expert)
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
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