Depreciation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 January 2018
Is the upper cap of depreciation at 40% as per Income Tax Act, 1961 only for normal depreciation or the restriction is also applicable to additional depreciation ? Should the total rate of depreciation including additional depreciation be less than or equal to 40% ?
17 January 2018
40% cap is only for normal depreciation. Inference - 115BA(2)(c)(iii)
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