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 Topics :
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
Related Topics :
CAclubindia
