Additional Depreciation
This query is : Resolved
29 October 2007
Can we take additional deprn for the subsequent second year at the book value @ 20% u/s 32 for plant & machinery i.e. assets shold not be second hand & other proviso along with 15% WDV as per IT Act with the ammendment from 01/04/05.
29 October 2007
ADDITIONAL DEPRECIATION IS AVAILABLE ONLY IN THE YEAR IN WHICH THE NEW PLANT AND MACHINERY IS FIRST PUT TO USE.
R.V.RAO
R.V.RAO
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