additional depriciation
This query is : Resolved
14 November 2009
a comany is trading in timber and it has installed sawing machines to cut timber in tradeable sizes. will co be elegible for addtional dep on the cost of sawing machines purchased by it.
14 November 2009
Conversion of tree trunks into logs could be treated as 'manufacture' in the context of investment allowance and for relief u/s 80HH and 80J as was held in Andaman and Nicobar Islands Forest and Plantations Development Corporation Ltd Vs. CIT (2006) 280 ITR 118 (CAL).
In view of the above, manufacture mentioned in section 32(1)(iia) satisfies,as per my understanding,and additional depreciation can be claimed.
In view of the above, manufacture mentioned in section 32(1)(iia) satisfies,as per my understanding,and additional depreciation can be claimed.
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
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Eway bill for machinery reparing
- Building and other construction workers welfare cess act 1996
- Bank Accounts in Balance Sheet for ITR 3
- Gift of mutual fund units to daughter
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Form 10BD Filling
- Reporting of STCG on Property in ITR
- Error while filling exam form November 2026
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
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
