Additional Depreciation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 November 2009
can Additional depreciation be claimed if asset was acquired prior to 01.04.05 but put to use after 01.04.05?can u give me the reference of any circular or judgement relating to it?
25 November 2009
no
Additional depreciation can be claim if any new machinery or plant (excluding ships and aircrafts) acquired and installed after March 31, 2005
Additional depreciation can be claim if any new machinery or plant (excluding ships and aircrafts) acquired and installed after March 31, 2005
25 November 2009
Look out the installation date also.
chetan soni
(Expert)
25 November 2009
the condition is acquired and installed after March 31, 2005. The word "and" says that both should happen on or after 31st March 2005.
So you can not claim the additional depreciation.
So you can not claim the additional depreciation.
Aditya Maheshwari
(Expert)
25 November 2009
You cannot claim addn dep
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