additional depreciation u/s 32(1)(iia)

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PRAMOD PANDIT M.COM , CA FINAL (Querist)
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13 October 2009 if new plant or machinary added in existing plant or machinary it is eligible to take benefit of additional dep. @ 20% as per sec32(1)(iia)?

CA SANJAY MUKHERJEE

CA SANJAY MUKHERJEE (Expert)
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13 October 2009 Yes but in place of "liable" I think it would be "eligible" for claiming additional deoreciation.

PRAMOD PANDIT M.COM , CA FINAL

PRAMOD PANDIT M.COM , CA FINAL (Querist)
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13 October 2009 respected sir, thank you for comment but as per condition u/s 32 any machinary or plant use in india or outside it not allowed to take additional depreciation! please reply

thank you for correct my mistake!!!

PRAMOD PANDIT M.COM , CA FINAL

PRAMOD PANDIT M.COM , CA FINAL (Querist)
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13 October 2009

CA SANJAY MUKHERJEE

CA SANJAY MUKHERJEE (Expert)
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13 October 2009 Hi Pramod,

I can't get u now. U have said in the querie "new plant or machinary added " so how it would mean that these are already in USE ?

If it's already been used then no additinal dep.

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