Additional depreciation

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PARAS LAMBA (Querist)
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13 July 2013 An assesse has purchased a new plant and machinery during previous year 2012-13 which is eligible for additional depreciation.... "Assessee does not want to claim additional depreciation " Whether assesse can do so?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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13 July 2013 Yes only for additional depreciation he can refrain from availing it when he is eligible.

But for normal depreciation he doesnt have any such option.

PARAS LAMBA

PARAS LAMBA (Querist)
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13 July 2013 Tushar Sir, thanks for the reply
can u please refer me the section also under which this proision is laid down...??

PARAS LAMBA

PARAS LAMBA (Querist)
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13 July 2013 Tushar Sir, thanks for the reply
can u please refer me the section also under which this proision is laid down...??

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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13 July 2013 Refer section 32 all the provisons.

Ganeshbabu K

Ganeshbabu K (Expert)
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13 July 2013 Disagree with Tushar ji.

It is mandatory Because..

Because

Provision related to Additional depreciation was in Section 32(1)(iia)

Please refer Explanation 5 to subsection (1) of Section 32 ..it says "provisions of this subsection" is mandatory as provisions of additional depreciation also contained in subsection 1 of sec.32 Additional depreciation is mandatory

additional depreciation is mandatory

For your reference you may refer to

section 32(1)

Section 32(1)(iia)-provisions of additional depreciation.

Thanks & regards
Ganesh babu k

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