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Depreciation

Whether additional depreciation is allowed for newly installed computer and explain for what other blocks are entitled to additional depreciation??


Sathiya Bama

Sathiya Bama

CA Inter

5K+

04-May-21 21:24

35

Answers (5)

Additional depreciation is not allowed in respect of machinery which is installed in any office premises. So, newly installed computer if installed in office will not get additional depreciation. Additional depreciation will be given for new plant and machinery acquired by an assessee who is engaged in the business of manufacture or production of any article or thing.


Yoga Vishnu

Yoga Vishnu

Moderator

2 days ago

Thanks sir.. If computer installed and used for manufacturing unit, then additional depreciation will provided or not?


Sathiya Bama

Sathiya Bama

CA Inter

5K+

2 days ago

Thanks sir.. If computer installed and used for manufacturing unit, then additional depreciation will provided or not?

Yes. If it installed for manufacturing unit, then additional depreciation will be allowed.


Yoga Vishnu

Yoga Vishnu

Moderator

2 days ago

Thanks sir, one more clarification: If any block of asset are installed in manufacturing unit, then they get a additional depreciation?


Sathiya Bama

Sathiya Bama

CA Inter

5K+

2 days ago

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