claim of Additional Depreciation
This query is : Open
Prabhakar Latkan
(Querist)
27 May 2017
Please advise practical working of Additional Depreciation for the Financial Year year 2016.17. In the earlier year company had claimed Additional Depreciation and the balance Wdv is remained. Now on balance Wdv how to claim the depreciation whether to claim @20% or normal depreciation @15%
CA Rashmi Gandhi
(Expert)
27 May 2017
Additional depreciation allowed only on new assets, so you can claim additional depreciation in year of purchase only.
Thereafter only normal depreciation is allowed.
Nischit Sanghavi
(Expert)
28 May 2017
Additional depreciation is allowed in the year when you installed machine
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