Shefali Bajpai (Article Assitant & CA Final Student) (1148 Points)
03 May 2008Hello 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.
Gautam
(Chartered Accoutant)
(21 Points)
Replied 03 May 2008
the cost of P&M is very high now a days so to provide additional cash fund it is provided agianst huge capital expenditure.
Shefali Bajpai
(Article Assitant & CA Final Student)
(1148 Points)
Replied 27 May 2008
Thanx & Regards.
Monik Shah
(CA Final)
(39 Points)
Replied 05 November 2011
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??
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