Additional depreciation on loom is allowed?
This query is : Resolved
05 April 2013
Can a assessee claim additional depreciation on looms u/s 32 of Income Tax Act?
05 April 2013
No only plant & machinery avilable.
05 April 2013
No only plant & machinery avilable.
25 May 2013
Looms are also plant and machinery and therefore if it is eligible then yes otherwise no.
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