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Direct tax

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(Querist)
19 June 2015 what is additional depreciation?
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Nischit Sanghavi

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Nischit Sanghavi (Expert)
20 June 2015 Additional depreciation is available on New Machinery Purchase. Basically, rate of Depreciation on Machinery is 15% but if u purchase a new machinery then you can charge 20% as additional depreciation i.e. in total 35%.
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