Fixed assets purchased for research & development
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 September 2012
Can a manufacturing concern claim depreciation on fixed assets purchased for research & development with the Weighted deduction allowed under income tax act.
14 September 2012
Yes, no harm in doing so, so long as the manufacturing unit is able to PROVE the intent to that effect.
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