Car Purchase...Additional depreciation..Urgent Sir!!!
This query is : Resolved
07 September 2010
Dear Experts,
Urgent Sir!!
Car Purchase made by an assessee classified as Plant & Machinery for the purpose of claiming Depreciation as per Income Tax Act. Is it also eligible for additional depreciation @ 20%.
With regards,
Rajesh.
Urgent Sir!!
Car Purchase made by an assessee classified as Plant & Machinery for the purpose of claiming Depreciation as per Income Tax Act. Is it also eligible for additional depreciation @ 20%.
With regards,
Rajesh.
Aditya Maheshwari
(Expert)
07 September 2010
No it is not eligible for additional depreciation.
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