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Depreciation

Bhargav Ballal C (student) (47 Points)

21 October 2016

Additional depreciation is allowed u/s 32(1)(iia) @ 20% on computer installed in production unit of organization

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Vishal Goel (Chartered Accountant) (1688 Points)
Replied 25 October 2016

Hello

Additional depreciation shall be available on computers installed for data processing, system designing and software development and supply for its industrial activities though installed in the office and such office premises are used as industrial premises. [CIT v Statronics and Enterprise Pvt Ltd. (2007) 165 Taxman 153 (Guj)].