Depreciation
This query is : Resolved
26 March 2010
Whether Additional Depreciation (Multiple shifts) is available under I. Tax Act, on Ocean-going ships / vessels ???
Whether Additional Depreciation (Multiple shifts) is available under I. Tax Act, on Ocean-going ships / vessels ???
Ghanshyam T Jha
(Expert)
26 March 2010
I don't think so that there are such provisions under IT Act
Rahul Gupta
(Expert)
26 March 2010
There is no rule for additional depreciation on account of multiple shifts in IT Act.
So dep of 20% is allowed only on WDV under IT Act.
So dep of 20% is allowed only on WDV under IT Act.
CA Ashok Kumar Sahu
(Expert)
26 March 2010
agree with expert
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