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Additional Depriciation is allowed or not

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(Querist)
30 November 2007 Our cliant is going to start a business of Oil Exporting, for this thay are purchasing a machinery of rs. 5000000 but our business will be set up after 2 or 3 year, can we claimed additional dep.?

If yes than in which year?
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R.V.RAO

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R.V.RAO (Expert)
30 November 2007 ADDITIONAL DEPRECIATION IS AVAILABLE IN THE YEAR IN WHICH THE NEW PLANT AND MACHIBNERY IS FIRST PUT TO USE.
R.V.RAO
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Debasish Mohanty

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Debasish Mohanty (Expert)
30 November 2007 Additional dep. will be allowed for the new plant and mech. used for manufacturing , so in this case additional depeciation can not be claimed as the machinery is not uased for manufacturing.The additional depreciation can be claimed inthe year i which the macinery will be used for production.
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