Additional Depreciation

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Abhishek Sinha (Querist)
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27 September 2010 Say, there was an addition of 100 Crores in H2 of FY 09.

In FY 09, (50% of 20%) ie 10% of 100 Crores or 10 Cr has been claimed as additional depreciation.

Total additional depreciation allowed is 20% but for the simple reason of addition in second half, additional 10% is lost.

Under the existing provisions, is there any way to calim the foregone 10% in FY 10

CA. Abhishek Sinha

CA. Abhishek Sinha (Expert)
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28 September 2010 As per Income Tax Act Additional Depreciation is available only in the year in which the new plant and machinery is first put to use.
So i think there is no possibility to avail such benefit.

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