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Section 32(1)(iia) - Additional Depreciation

Income Tax - Profit and Gains of Business or Profession - 11 - SEC - 32(1)(iia): ADDITIONAL DEPRECIATION Assessee who is engaged in business of production of any article or thing or generation, transmission or distribution of power are only eligible .....

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dian or imported or any machinery or plant installed in any office premises or any residential accommodation or guest house or any other appliances or road transport vehicles or any machinery or plant, the whole of the actual cost of which is allowed .....

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o 10% of cost of new plant and machinery in the year it is acquired. As per the amendment, if the asset is put to use for less than 180 days in the year of acquisition, then additional depreciation would be 10% of the cost of acquisition in the first .....

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DITIONAL DEPRECIATION IN THE CASE OF GENERATION OR GENERATION AND DISTRIBUTION OF POWER Situation Whether cost of new P&M is eligible for additional depreciation under Section 32(1)(iia) Before amendment (i.e. up to AY 2012-13) After amendment (i .....

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is of written down value of the block of assets under section 32(1)(ii) No No No Yes An assessee (who is engaged in manufacture/ production of any article/ goods) owns power generating unit for captive consumption- If normal depreciation in respect o .....

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