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Depreciation

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 November 2014 whether plastic items manufacturers plant & machinery is eligible for additional depreciation under income tax act because it is not specified article/item/thing under 11 th schedule of income tax act
it is eligible or not
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gbalakrishnan

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gbalakrishnan (Expert)
24 November 2014 depreciation u get only in income tax accounting called taxation accounting when so if you do not find in tax in the relevant schedule how would you work out sir!
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
24 November 2014 if its not a specfied article as per sec 32 then u cannot claim additional depreciation int his case.




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