Additional depreciation
This query is : Resolved
10 March 2009
I am running a business of RCC labour work.
I have concrete plant,concrete mixture and concrete pump of my own.
Can i claim additional depreciation on above mentioned assets?
I have concrete plant,concrete mixture and concrete pump of my own.
Can i claim additional depreciation on above mentioned assets?
CA. B.SRINIVASULU
(Expert)
10 March 2009
Whether your's is a Private or Limited company or partnership or proprietorship. Depending on status you can charge additional depreciation.
CA Nitin Wadhwani
(Expert)
10 March 2009
In my opinion,
No since it is not a "manfacturing activity".
No since it is not a "manfacturing activity".
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