Hello Seniors & Friends,
Why is additional depreciation on P&M allowed as deduction over and above the Normal Depreciation?
An early reply shall be appreciated.
With Regards,
Shefali.
Menu
Deduction of Additional Depreciation u/s 32of Income Tax Act
Replies (3)
the cost of P&M is very high now a days so to provide additional cash fund it is provided agianst huge capital expenditure.
Thanx & Regards.
If P&M acquired and put to use for less than 180 days than what is the tax treatment in that case??
Shall we claim full 20% depreciation any how i.e. in the year of purchase and in the year next following to that 10% respectively??
Recent Threads
- Form 12aa for Religious and Charitable trust
- Schedule 112A CSV template
- RNOR status and exemption on RFC account interest
- Upload error for ITR 2 filing after validation
- CCI Forum gets fresh Look ! Share your views
- Presumptive taxation 44AD BLOCK PERIOD
- FORM 27Q FILING
- TDS for Advance Maintenance
- GST on product purchased at MRP
- TDS on Joining Bonus
Related Threads
CAclubindia
