Depreciation benefit under sec 32 ac

Sarvesh (B.Com) (24 Points)

28 January 2015  

Hello,

I wanted to know whether Depreciation can be claimed under Section 32 AC in FY 14-15 & FY 15-16 in addition to Accelerated Depreciation for pwoer assets.

Additionaly, does a power plant qualify as a MANUFACTURER or PRODUCER of article or thing under this section?

Best,

Sarvesh