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Additional depreciation

Direct Taxation

Under section 32(1)(iia) Additional depreciation is for only one time or it's to be deductible every year ?

Chandan Subudhi

CA Final

★ 12K+

28-Feb-20 12:11

462

Answers (2)

It's only one time on new plant and machinery. If Aquired second hand plant & machinery then no additional deprivation is available

InDia Op

CA Inter

★ 460

28-Feb-20 13:59

It's only one time and if it's charged at 50 percent of depreciation rate then remaining 50 percent can be charged in next year

Adithya V

CA Inter

★ 75

15-Mar-20 20:22

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