Income tax depreciation query

Rakesh Rao (CA Final Student) (406 Points)

28 September 2017  

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.