Additional depreciation

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abhinav gupta

abhinav gupta (Querist)
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02 August 2011 IS ADDITIONAL DEPRECIATION MANDATORY?

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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02 August 2011 nO IT DEPENDS ON THE CONCERNED PERSON AND THE COMPANY TO TAKE ADDITIONAL DEPRECIATION OR NOT IT ALSO DEPENDS ON THE C.A. WHO IS HANDING LING THE MATTER

abhinav gupta

abhinav gupta (Querist)
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03 August 2011 thank you sir.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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19 March 2012 Mandatory.
Reason is as follows:-
Explantion 5 says...... "this subsection"....
The subsection referred therein is 32(1).
Since additional depreciation under sub section (iia) falls under subsection (1),explanation 5 squarely applies to (iia) meaning thereby addtional depreciation is mandatory.

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