Section 32(1) (iia) of income tax act

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VIJAY BHATT (Querist)
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05 March 2015 Section 32(1) (iia) of Income Tax Act, 1961, which provides for additional depreciation of 20% is amended to provide that the balance 50% (i.e., 50% of 20%) of the additional depreciation on new plant or machinery acquired and used for less than 180 days which has not been allowed in the year of acquisition and installation of such plant or machinery, shall be allowed in the immediately succeeding previous year. [Applicable from A.Y. 2016-17]

PLEASE SOMEBODAY CLARIFY ABOVE WITH EXAMPLE

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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05 March 2015 https://taxguru.in/income-tax/section-32ac-aid-prosper-manufacturing-sector.html

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VIJAY BHATT

VIJAY BHATT (Querist)
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05 March 2015 Thanks Mr. Tushar for prompt response.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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05 March 2015 you are welcome vijay bhatt..........

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