Additional Depreciatioin

narendrabararia

I want to setup Additional Depreciation for new machinery, which has been acquired and installed during the year. A further sum equal to twenty per cent of the actual cost of such machinery shall be allowed as deduction under section for Under section 32 and clause (ii). There is a setup available in FA Card but help is not availble. Please clerify if possible.

ssingla

Refer to pdf "13721_Depreciation as per Indian Tax_Feature Instructions Guide.pdf" available in HF1 of NAV 4.0 SP3

ssingla

The complete information on additional depreciation is given in the manual. Just search for additional in the pdf. and you will find the details you are looking for.