For claiming additional depreciation there are three conditions.. 1. Assessee must be engaged in manufacture/production of any article or thing or generation, transmission or distribution of power 2.New plant & Machinery should be acquired and installed after 31st March,2015. 3.It should be an eligible plant & machinery.
Further , the rate of additional depreciation is 20% , however if the asset is put to use for less than 180 days in the year in which it is acquired, the rate will be half of the rate mentioned above...the remaining 10% shall be allowed as deduction in the next year...
Further, the rate of additional depreciation is 35% in Andhra Pradesh,Bihar,Telangana & West Bengal....all the terms & conditions remains same as above...
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