Additional Depreciation
This query is : Resolved
26 August 2010
Dear,
I'v following doubt about availing benifit of additional depreciation u/s 32(1)(iia), which is..
1.whether depreciation can be claimed full if asset put to use below 180 days.?
2.If dep. is claimed partially i.e. 10%in a year, whether remaining 10% can be claimed in next year.?
3.If asset is acquired in same year and installed in next year, whether benifit can be availed.?
4.Any case which is pending against this clause before high court or Apex court.?
Kindly give your assisstance ASAP.
Regards
Ashish Tiwari
I'v following doubt about availing benifit of additional depreciation u/s 32(1)(iia), which is..
1.whether depreciation can be claimed full if asset put to use below 180 days.?
2.If dep. is claimed partially i.e. 10%in a year, whether remaining 10% can be claimed in next year.?
3.If asset is acquired in same year and installed in next year, whether benifit can be availed.?
4.Any case which is pending against this clause before high court or Apex court.?
Kindly give your assisstance ASAP.
Regards
Ashish Tiwari
26 August 2010
1)depreciation can not be claimed full if asset put to use below 180 days.
2)if dep. is claimed partially i.e. 10%in a year, remaining 10% can not be claimed in next year. Additional dep is available only in the year of purchase.
3)If asset is acquired in same year and installed in next year, no benefit can be availed in the year of purchase. Available in the year in which it is put to use.
2)if dep. is claimed partially i.e. 10%in a year, remaining 10% can not be claimed in next year. Additional dep is available only in the year of purchase.
3)If asset is acquired in same year and installed in next year, no benefit can be availed in the year of purchase. Available in the year in which it is put to use.
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26 August 2010
1. Only 10% addl dep allowed.
2. No
3. In next year not possible
4. No.
2. No
3. In next year not possible
4. No.
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