additional depreciation section 32(iia)
This query is : Resolved
Kranthi Kumar
(Querist)
22 June 2009
what if additional depreciation under section 32(iia) is not claimed even if it is eligible to be claimed? can we claim the normal depreciation as if there were no additional depreciation ?
chetan soni
(Expert)
22 June 2009
Yes you can claim that. But at the time of sale of plant the department will calculate the WDV considering the additional dep.
It is considered as deemed depreciation allowed. ITO may make such addition to income.
Experts please clarify the issue, in case me view is incorrect.
It is considered as deemed depreciation allowed. ITO may make such addition to income.
Experts please clarify the issue, in case me view is incorrect.
Ratan Sharma
(Expert)
22 June 2009
Agreed with Chetan.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- MSME disclosure and disallowance
- Taxation of crypto futures in India Fy 2026- 2027
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- EPF ECR NEW RULES Sep 17th 2026
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
