Additional depreciation
This query is : Resolved
09 September 2012
an asset say mouldes worth Rs.20000 purchased during the P Y included in the block plant and machinary ,then is it qualify for additional depreciation under I T Act ? (the assessee is engaged in manufacturing of articles)
09 September 2012
if this assets is new and directly required for production of articles then it is eligible for additional deprication
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