Income tax depreciation query

282 views 3 replies

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

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 10 July 2026
Article Assistant

N S Gokhale & Co

Thane

CA Inter

View Details
Company
ARTICLESHIP 15 July 2026
CA Articles

Kinjal H Shah & Co.

Mumbai

CA Foundation

View Details
Company
Featured 16 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT, CA SemiQualified

Vakilsearch.com

Chennai

CA Inter

View Details
Company
25 June 2026
AUDIT MANAGER

JDAS & ASSOCIATES

New Delhi

CA

View Details
Company
05 July 2026
Financial Controller

NovumLake Partners

Mumbai

CA

View Details
Company
ARTICLESHIP 07 July 2026
Articleship

Jawahar and Associates Chartered Accountants

Hyderabad

CA Inter

View Details
Company
29 June 2026
ACCOUNTANT

SANDEEP AASHISH & CO

Araria

B.Com

View Details
Company
ARTICLESHIP 16 July 2026
CA Article

Pipara & Co. LLP.

Mumbai

CA Inter

View Details