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additional depreciation

Tax queries 573 views 2 replies

Shashank Kasat

Article Assistant

50 Points Joined December 2009

Can anyone provide me articles on claim of additional depreciation in subsequent years

Replies (2)

Sandeep Keswani

Tax Consultant

1064 Points Joined August 2008

Not so sure about articles................but u can find a number of judgements on Additional Depreciation in Taxmann, ITR, etc. I think that will be very useful.

RAJESH DOLAWAT

KOLKATA

30 Points Joined November 2009

Originally posted by :Shashank Kasat
"	Can anyone provide me articles on claim of additional depreciation in subsequent years	"

Additional depreciation is allowed only in the year of installation not in the subsequent years.

Rate is 20%.

However Practically u can do and fight bt for exam purpose it is allowed only in the year of installation.Again the Machinery must b new not the old one.