Consider following case for qualifying assets :-
Plant & Machinery - Time to complete installation 4 months.
DG Set - 1 month
Transformer - 1 month
Building - more than 1 year.
Whether all the above assets are qualifying assets ?
while identifying Qualifying assets whether all the assets in a group is to be seen separately or they are to be seen as a whole group?
In above case DG & transformer are plant & machinery and so whether they are qualifying assets or not.
whether we consider total number of assets as one group ?
Building has taken more than 1 year, so it is a qualifying asset. tell about others.