Additional Depreciation u/s 32(1)(iia)

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This query is : Resolved

USHIR SHAH (Querist)
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28 April 2010 Under the section, for granting additional depreciation, there is a mandate that "additional depreciation shall be allowed..." (without specifying in the year of purchase).

The querry is " On the eligible asset purchased in the last 180 days of the FY, additional depreciation allowed is only 10%. Can the balance depreciation be claimed in subsequent AY ?"

Give citations, if any, in case the reply is affirmative.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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28 April 2010 Additional Depreciation is available only in the year when the plant & machinery is first put to use. As such it is not available in the subsequent year.

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