Additional depreciation

This query is : Open

Querist : Anonymous

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

Vishnu Saboo

Vishnu Saboo (Expert)
Follow

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

Rupesh Jain

Rupesh Jain (Expert)
Follow

01 August 2014 10% claim in F Y 2013-14

Querist : Anonymous

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

Vishnu Saboo

Vishnu Saboo (Expert)
Follow

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.

Querist : Anonymous

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 ?

Querist : Anonymous

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 ?

Querist : Anonymous

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 ?

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now