additonal depreciation

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 February 2011 suppose we purchased P&M in P.Y. 08-09. but installed and used it on 14-04-2009. so, will we be provided additional depreciation of 20% in P.Y. 09-10 or not...

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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20 February 2011 Yes, if the P&M has been acquired in P Y 08-09 but put to use in PY 09-10 on 14-04-2009 , additional depreciation can be claimed @20%.

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Guest

Guest (Expert)

20 February 2011 Bafnaji,

What is your opinion on the dispute that additional depreciation is available for first year only or for every year?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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20 February 2011 Additional depreciation is available for the first year only and not for every year.

There is no dispute regarding this issue.

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