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kkaniyan Started The Discussion:

additional depreciation @20%as per I.T. for plant and machinery is valid for A.Y.2011.12 ,Is it applicable for Computer also.

nipund.9 -  Member Since: Jun 2010
Conditions for claiming Additional depreciation over & above Normal depreciation:

Condition
Description

I
It is allowable to all assesses engaged in the manufacture/ production of any article/ item/ thing.
II
New Plant & Machinery should be acquired & installed after 31st March’ 2005:

· Additional depreciation is not allowable in respect of Buildings & Furniture or Old Plant & Machinery.

· The condition of Acquisition & Installation of Plant & Machinery should be satisfied simultaneously, on failure of which additional depreciation cannot be claimed on same.
III
Additional Depreciation claim is available only in case of Eligible Plant & Machinery, wherein all Plant & Machineries are eligible except the following:

· Ships & Aircrafts; or

· Any machinery/ plant which is and Old/ Second hand.

· Any machinery/ plant installed in any office/ residential accommodation/ guest house accommodation.

· Any machinery/ plant whose total a

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