Additional depreciation


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Querist : Anonymous

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Querist : Anonymous (Querist)
01 August 2014 SIR,
A MANUFACTURING COMPANY INSTALLED PLANT & MACHINERT FOR RS. 10.00 LAC IN THE MONTH OF MARCH 2014
SIR WHETHER ADDITIONAL DEPRECIATION @10% WILL BE ALLOWED IN F.Y. 2013-14 AND @10% IN NEXT F.Y.2014-15 OR ONLY @10% IN F.Y.2013-14
SIR PLEASE GUIDE ME

01 August 2014 only 10% additional depreciation can be claimed in in 2013-14.

Rupesh Jain (Expert)
01 August 2014 10% claim in F Y 2013-14

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 August 2014 BUT SIR AS PER SINGHANIA'S READY RECKONER PAGE NO A-85 PARA NO.48.3-7b 10% CAN BE CLAIMED IN NEXT F.Y. 2014-15

04 August 2014 well... he is not only single guy who saying this... since there is no clear guideline about this there are both type of supporter, even courts has given verdicts in both side in different cases.
but i feel only 10% must be claim if period is less than 180 days in very first year.

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 August 2014 SIR,
WHEN THERE IS NO CLEAR CUT GUIDELINE,THEN HOW WE CAN DO TAX PLANNING FOR CURRENT F.Y.2014-15 ?

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 August 2014 SIR,
WHEN THERE IS NO CLEAR CUT GUIDELINE,THEN HOW WE CAN DO TAX PLANNING FOR CURRENT F.Y.2014-15 ?

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 August 2014 SIR,
WHEN THERE IS NO CLEAR CUT GUIDELINE,THEN HOW WE CAN DO TAX PLANNING FOR CURRENT F.Y.2014-15 ?


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