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Additional dep u/s 32(1)(iia)

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10 April 2014 whether additional depreciation is allowable u/s 32(1)(iia) @10% for next asst year if in previous year addition is made after 30th sept

10 April 2014 No. According to section 32(1)(iia) and relevant explanations to the said section in case any plant and machinery is used for less than 180 days in a previous year depreciation shall be allowed at 50%. In such a situation additional depreciation shall be allowed @ 10%. No further additional depreciation will be allowed in next previous year.



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