Additional depreciation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 August 2013
Is it mandatory to claim additional depreciation
26 August 2013
Its not mandatory. Its allowable. Whether to claim it or not it is in the hands of assessee.
26 August 2013
It is Mandatory,
.
.
Explanation 5 says "this Subsection"[subsection referred there in is 32(1)]
.
.
Since additional depreciation under subsection (iia)falls under subsection(1),,So explanation 5 also applicable to Subsection (iia)which Means additional depreciation mandatory
.
.
Explanation 5 says "this Subsection"[subsection referred there in is 32(1)]
.
.
Since additional depreciation under subsection (iia)falls under subsection(1),,So explanation 5 also applicable to Subsection (iia)which Means additional depreciation mandatory
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