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19 November 2009 in calculating 20% of old machinery whether we have to take WDV or Gross value of the asset

kindly clarify
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CA. Rishabh Mittal

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CA. Rishabh Mittal (Expert)
20 November 2009 According to me, it should be WDV as INCOME TAX specifies 20 % of total value of machinery of plant.

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