Additional depreciation of readymix concrete machinery
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 September 2012
Dear all, Based on the provisions of Section 32(iia) of the Income Tax Act which allows for higher depreciation allowance under certain circumstances for machinery or plant acquired or installed after 01.04.2005 in the business of manufacture of a article or thing. My Client is manufacturer of Ready Mix Concrete. Nature of activity is purchase of sand and metal and cement and flyash and then mix these things through machinery and then supply to the customers. Whether my client is eligible for additional depreciation or not. It most urgent and clarfy the same as soon as possible.
S.Mohan
Audit Assistant
S.Mohan
Audit Assistant
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Price inclusive or exclusive of GST while made entry in P& L Account
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Dep. as per companies act
- Applicability of GST on Salary Reimbursement Component
- Minimum tax payable to file Updated return
- SALARY CAN BE CAPITALIZE
- Salary from Qatar in Dollars in India
- TDS on purchase of under construction property from a reseller
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
