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pls pls help

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(Querist)
25 September 2009 Hi ,
My Question is that the asessee is a manufacturing unit & purchase a Crane & used with in the factory for manufacturing purpose. whether he is eligible for claiming addional depreciation u/s 32(1)(iia)..&
Pls describle the below line.This is one of the condition 4 claiming depreciation...
"The condition of Acquisition & Installation of Plant & Machinery should be satisfied simultaneously"

Thanks In Advance
Vishal
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CA. Bikash Bogi

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CA. Bikash Bogi (Expert)
29 September 2009 yes.
If the plant & machinary is purchased & put to use in the same year then you can claim additional depreciation
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