Enhanced depreciation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 February 2012
A manufacturing concern purchased a machinery on 1.11.2010. In the year of installation it use for less than 180 days. On Sec 32(1)iia
if the machinery was put to use for less than
180 days the rate of enhanced depreciation is restricted to 10% in the year of installation of plant & Machinery. Can be claim the balance 10% of enhanced depreciation in the next year of installation
if the machinery was put to use for less than
180 days the rate of enhanced depreciation is restricted to 10% in the year of installation of plant & Machinery. Can be claim the balance 10% of enhanced depreciation in the next year of installation
23 February 2012
Enhanced Depreciation can be claimed in the year of purchase only. The Balance 10% can not be claimed.
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
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- Gift Received from nonblood relative
- Section 50-fixed asset-->building ceases to exist
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Putting a heading on received mail
- Reprocessing of rectification order AY 2025-26
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Regime change
- TDS 194-T applicability
- Consolidated financials
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
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
