sec-32

This query is : Resolved 
 

(Querist) 02 August 2010

Under sec.32 normal dep. is not allowed as deuction if value of block of asset(plant & mach.) is nil. Is it true in case of additional depreciation also?




CA. SANAT PYNE (Expert) 02 August 2010

YES IT IS TRUE,
AS PER INCOME TAX DEPRECIATION MEANS NORMAL DEPRECIATION AND ADDITIONAL DEPRECIATION.

Aditya Maheshwari (Expert) 02 August 2010

Yes. Anything into zero is zero only.

Taranjit Singh (Expert) 02 August 2010

Correct.



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