banner_ad

Sec 32(1)(iia)- help

Tax queries 503 views 1 replies

Dear All,

kindly tell me, if an asset in put to for less than 180 days & the assessee claims for addtional depreciation (provided it satisfied all the condition in laid in Sec 32(1)(iia) for claiming such deduction)...

1. is that assessee can claim 10% of additional depreciation & rest of 10% in next previous yr (As per IT Ready Reckoner of VK Singhania....or

2. he can claim only 10% additional depreciation.

 

Please give references

Replies (1)

enhanced deprcn given irt "new" P&M @ 20% of actual cost if it was installed and put to use for > 180 days in "yr of installation". if used for < 180 days deprcn given @ "half of normal rate'...hence 10%. it is a one time dedn.

u cn check out TN Manoharan pg.231 "ENHANCED DEPRECIATION".

Hope dis was helpful.. good luck.

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details