Articles on "Income Tax Act 1961"

Additional Depreciation U/S 32(1)(iia)

Date posted: Friday 12 September 2014

Where a new plant or machinery is used for less than 180 days in the year of purchase and installation, and hence only 50% of the additional depreciation u/s 32(1)(iia) of the Income Tax Act, 1961 is allowed in that year, whether the balance 50% of additional depreciation will be allowed in subsequent year ?