additional depreciation u/s 32(1)(iia)
This query is : Resolved
13 October 2009
if new plant or machinary added in existing plant or machinary it is eligible to take benefit of additional dep. @ 20% as per sec32(1)(iia)?
CA SANJAY MUKHERJEE
(Expert)
13 October 2009
Yes but in place of "liable" I think it would be "eligible" for claiming additional deoreciation.
13 October 2009
respected sir, thank you for comment but as per condition u/s 32 any machinary or plant use in india or outside it not allowed to take additional depreciation! please reply
thank you for correct my mistake!!!
thank you for correct my mistake!!!
13 October 2009
CA SANJAY MUKHERJEE
(Expert)
13 October 2009
Hi Pramod,
I can't get u now. U have said in the querie "new plant or machinary added " so how it would mean that these are already in USE ?
If it's already been used then no additinal dep.
I can't get u now. U have said in the querie "new plant or machinary added " so how it would mean that these are already in USE ?
If it's already been used then no additinal dep.
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