Sec 32(1)(iia)- help

Tax queries 509 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
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details