Results 1 to 2 of 2

Thread: Additional Depreciation

  1. #1

    Default Additional Depreciation

    Q. What is additional depreciation? Who is allowed to claim it? What is the rate of additional depreciation?

  2. #2


    In the case of any new plant or machinery which has been acquired and installed after 31.03.05, by an assessee engaged in the manufacture or production of any article or thing. A further sum equal to 20% of the actual cost of such machinery or plant shall be allowed as deduction u/s 32(1)(ii).

    Exceptions: Additional Depreciation will not be available on the following plant & machinery
    1) Any plant &machinery the whole of the actual cost of which is allowed as deduction( by way of depreciation or otherwise) in computing income under the head PGBP.
    2) Ships & Aircrafts
    3) Plant & machinery which was used by any other person before its installation.
    4) Any plant & machinery installed in office premises or residential accommodation ( including guest house).
    5) Any office appliances or transport vehicle.

Similar Threads

  1. Replies: 0
    Last Post: 21-04-2010, 01:41 PM
  2. Replies: 0
    Last Post: 21-04-2010, 11:10 AM
  3. Replies: 0
    Last Post: 20-04-2010, 03:24 PM
  4. If I do not surrender the additional PAN number, is there any problem?
    By queriest in forum Other issues under Direct Tax Laws
    Replies: 1
    Last Post: 18-03-2010, 04:25 PM
  5. Wht r d provisions related 2 Additional Depreciation under I.T. Act:In the given case
    By sachinjain in forum Heads of Inome under Income Tax Law
    Replies: 0
    Last Post: 23-02-2010, 06:42 PM

Tags for this Thread


Posting Permissions

  • Register / Login to post new threads
  • Register / Login to post replies
  • Register / Login to post attachments
  • You may not edit your posts