Depreciation on newly purchased embroidery machine?
This query is : Resolved
ManishTanawala
(Querist)
08 September 2009
The client is doing emboidery jobwork on cloths and raises bill of jobwork. He purchased a new embroidery machine during the year, whether he is eligible for additional depreciation on new embrodiery machine purchased during the year.
chetan soni
(Expert)
09 September 2009
Additional depreciation is available only for manufacture or production of article mentioned in 11th schedule of the income tax act.
It does not include emboidery jobwork.
You are not eligible to claim additional depreciation.
It does not include emboidery jobwork.
You are not eligible to claim additional depreciation.
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