Additional Depreciation
This query is : Resolved
Mrs.N. Alamelu
(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
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.
08 August 2023
I agree with expert.
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