Additional depreciation

only on certain cases like manufacturing etc..there is a separate provision for this in Income tax act.

only in case of manufacturing ones and when the asset is new.....................!!!1

@ ! @

Yes Its Manadatory for all eligible manufacturing concern as it is proveded u/s 32(1)(ii).........there is no option.............

Pls correct me if i m wrong

Additional Depreciation is allowable as per income tax act,to boost manufacture ,to a manufacturing company,for new plant & machinery...

its totally depend on you,to claim or not....if u claim,u benefited...

For detail,refer sec 32(1)(II)    of income tax act...

Additional depreciation on Plant & Machinery purchased during the year available only for Manufacturing concern but only for machinery which have purchased after March 2005

Additional depreciation is allowed @ 20% and it is purely optional for the assesse to claim. There are some conditions and limitations to claim this additional depreciation which you can always refer from Income Tax Act, 1961. Section 32(1)(iia) is the relevant section for this.

Originally posted by : Ravi Thapa
	Additional depreciation is allowed @ 20% and it is purely optional for the assesse to claim. There are some conditions and limitations to claim this additional depreciation which you can always refer from Income Tax Act, 1961. Section 32(1)(iia) is the relevant section for this.

Sir

Though it is mentioned in sec 32(1)(iia).........In sec 32(1)(iia) it is mentioned that addtional depreciation shall be allowed as deducation u/s 32(1)(ii)........& it is manadatory to claim deduction under 32(1)(ii)

So I think it will be manadatory pls correct if i m wrong