Eligible plant and machinery
Animish Kanhere (Student) (56 Points)
11 March 2015
What is included in eligible machinery for calculating additional depreciation?
Animish Kanhere (Student) (56 Points)
11 March 2015
J. K. Ratan
(Compliance Advisor)
(794 Points)
Replied 11 March 2015
Dear Animish
Any Plant or Machinery that help in manufacturing/Production of Article/Thing/Item Except
-Ship and Aircraft
- Second Hand Machinery
- Any machinery/ plant installed in any office/ residential accommodation/ guest house accommodation
- Any machinery/ plant whose total actual cost is allowed as a deduction in computing business income in any if one previous years.
- Acquisition & Installation of Plant & Machinery should be satisfied simultaneously
Animish Kanhere
(Student)
(56 Points)
Replied 11 March 2015
CAclubindia
