Income tax depreciation query

A Plant & Machinery is purchased say in August on which Additional Depreciation is allowed but sold in same year say November.

  1. Is there any restriction to claim Additional Depreciation?
  2. Since asset was used for less than 180 days, should only 50% of depreciation be claimed even if it was purchased in the first half of the year?

Thanks is Advance.

Replies (3)
yes...only 50 percent of normal and additional depreciation will be allowed
if block of assets was ceased to exist than no additional depriciation but if there is any assets in that block than you can calim full additional depriciation there is no such conditions of selling
your assets is more than 180 day so you can claim additional depriciation

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