Additional depreciation-Urgent help
This query is : Resolved
29 May 2021
whether additional depreciation can be claimed in each financial year?
if yes, on which amount? whether on actual cost or on WDV of asset?
I am asking about additional depreciation of subsquent PY
Eg- Cost-100,000/-
Addition-50000/- (less than 180)
depreciation-23750/-
WDV- 126250
what is next year depreciation and aditional depreciation?
if yes, on which amount? whether on actual cost or on WDV of asset?
I am asking about additional depreciation of subsquent PY
Eg- Cost-100,000/-
Addition-50000/- (less than 180)
depreciation-23750/-
WDV- 126250
what is next year depreciation and aditional depreciation?
CA R SEETHARAMAN
(Expert)
29 May 2021
Additional depreciation can be claimed in first year only. In case of asset less than 180 days claim 50% in current year and balance 50% in next year.
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