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Depreciation

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(Querist)
26 March 2010



Whether Additional Depreciation (Multiple shifts) is available under I. Tax Act, on Ocean-going ships / vessels ???
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Ghanshyam T Jha

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Ghanshyam T Jha (Expert)
26 March 2010 I don't think so that there are such provisions under IT Act
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Rahul Gupta

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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.
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
26 March 2010 agree with expert
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