banner_ad

Is it mandatory to claim additional depreciation

This query is : Resolved 
Profile Image

Profile Image

(Querist)
13 June 2013 Dear sir,

Explanation 5 of section 32 says that this provisions of this sub-section shall apply whether or not the assessee has claimed the deduction now provision of additional depreciation is explained under clause (iia) of sub section (1) of section 32 which mean explanation 5 is also applicable to clause (iia). i want to know whether my interpretation is correct or not???


Thanks in advance
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
13 June 2013 yes under income tax depreciation amount will calculate and deduct in value of assets.

if you are not caliming but under income tax ITO take wdv after depreciation .
not the value as ypou shown in books.
Profile Image

Chandan

Profile Image

Chandan (Querist)
13 June 2013 Thanks Rupesh but i have a doubt regarding calculation of dep. In sec 32(1)(iia)it is no where mentioned dep will be calculated on date of acquired or there is put to use concept. guide me to the best
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details