banner_ad

Additional Depreciation

Tax queries 686 views 2 replies

 

Dear All

One of my friend client of one CA.  In the Asst year 2008-09, they invested around Rs.60 lacs for new machinery purchase.  It includes in both in 1st period and also in 2nd period.

The nice Gentleman CA, had not claimed additional depreciation.  Now that case was selected for sctutiny assessment and notice u/s 143(2) is served. 

Is there is any chance to claim additional depreciation at the time of scrutiny assessment.  Is there is any case law regarding the issue. 

Thanks N regards

M.Gopalsamy

Replies (2)

Depreciation is Mandatory as per income tax act..it is not at the option of the assesse whether to claim or not....he have to claim that depreciation as per my view... 

Yes.......yes.yes....

Dep. is mandatory and is not optional.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

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

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

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

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details