Depreciation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 March 2010
Sir,
Guide me about Additional Depreciation, what is the impact.
Thanks
Guide me about Additional Depreciation, what is the impact.
Thanks
08 March 2010
ADDITIONAL DEPRECIATION IS ALLOWED ONLY ON PURCHASE OF NEW PLANT & MACHINERY. IT RESULTS IN INCRESE IN DEPRECIATION UNDER IT ACT AND REDUCTION IN TAXABLE INCOME. PLEASE NOTE ADDITIONAL DEPRECIATION IS NOT AVAILABLE ON PURCHASE OF USED OR SECONDHAND PLANT AND MACHINERY.
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