MANDATARY SUPPORTINGS TO THE ITR

Can additional depreciation e allowed to claim for more than one years as no part of the section restricts it for the one i.e. 1 st year itself?

please provide backings for the same

Replies (8)

while making computation of income, you have to claim depreciation u/s 32. thus you can claim in that year but if profit is not sufficient then it can be carried forward,

ITR is an "Annexure-less Return". The very idea of introduction of ITR forms instead of Saral form was to promote E Filing. E Filing is possible only in the prescribed format. Therefore, no other document is to be attached with the ITR form.

Additional Dep is available in the first year and from the 2nd year onwards, Depreciation will be allowed at normal rates. The asset will be included in the relevant block of assets.

Mr. Sukesh

Additional depreciation is allowed only in the first year, after that normal depreciation rates apply.

Regards

Vijay Kumar

Mr. Sukesh

Additional depreciation is allowed only in the first year on the new machinery pruchased in the manufacturing business , after that normal depreciation rates apply.

Regards

Vijay Kumar

Agree with Mr.vijay kumar

Additional Deprecation will be allowed in year in which machin acquried & installed . if machine acquried in 2007-08 but installed in 2008-09 than additional deprecation will be allowed in 2008-09.

 Mr Sandip

which part of the section specifies that addnl depre can be claimed only in one year

pls do the needful

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 17 August 2026
Article Assistant

K R Kiran Kumar & Associates

Bengaluru

CA Inter

View Details
Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

View Details
Company
21 August 2026
Finance Manager

Resollect Technologies Pvt Ltd

Mumbai

CA

View Details
Company
18 August 2026
CA Semi Qualifies

Goyanka and Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
CA Article Assistant/CA Drop Out/Accounts Executive

PARV & Co.

New Delhi

CA Inter

View Details
Company
14 August 2026
Article Assistant CA Articleship

Eshwar & Co Chartered Accountants - Nungambakkam

Chennai

CA Inter

View Details
Company
19 August 2026
Chartered Accountant - Financial Consolidation & Reporting

Synergy Keystone

Mumbai

CA

View Details
Company
ARTICLESHIP 24 August 2026
Article Assistant

M/s.S.G.Salecha & Co.

Mumbai

CA Inter

View Details