Under section 32(1)(iia) Additional depreciation is for only one time or it's to be deductible every year ?
It's only one time on new plant and machinery.
If Aquired second hand plant & machinery then no additional deprivation is available
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
Terms & Conditions
CA Inter (New)
CA IPC (Old)