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Additional Depreciation

This query is : Resolved 
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(Querist)
24 July 2007 As per sec 32 addl depn of 20% eligible for plant & machinery - in case put to use for less than 180 days eligible for deduction at 10%. For eg. if I have taken 10% of Rs.250000, actual cost of P& M installed on 1st Nov 05, I will be taking 25000 deduction in 2005-06 and another 25000 deduction in 2006-07. Is that correct
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Sanjeev Kumar Varshney

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Sanjeev Kumar Varshney (Expert)
24 July 2007 In my opinion, another depreciation of Rs 25000/- will not be allowed in next year.Additional depreciation is allowable in the year of installation only.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
08 August 2023 I agree with expert.
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