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?
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.
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
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- RATE AND HSN CODE
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- Carriage Road Act, 2007 read with Carriage by Road Rules, 2011
- EMI ISSUE IN HOUSING LOAN OLD REGIME
- TDS AND ITR ISSUE
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- Bank details not Visible on Traces Portal
- Difference between Date of Payment and Date of Deduction?
- Journal entry of busniess expenses
- Cash balance limit and property purchases limit
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
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
