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additional depreciation

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(Querist)
11 July 2007 Whether additional depreciation is compulsory like normal depreciation ?
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SHIV KUMAR GUPTA

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SHIV KUMAR GUPTA (Expert)
11 July 2007 VERY PURPOSE OF BOTH IS DIFFERENT ONE IS FOR COMPANIES ACT FOR ANNUAL BALANCE SHEET ANOTHER ONE IS FOR INCOME TAX FOR ASSESSMENT OF INCOME FROM BUSINESS.

S.K.GUPTA
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Sanjeev Kumar Varshney

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Sanjeev Kumar Varshney (Expert)
11 July 2007 Extra depreciation is available for claim in Income Tax assessment and it is upto you to avail it or not . It is not compulsory.
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Abhisek Konar

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Abhisek Konar (Expert)
13 July 2007 at the option of the assessee
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