Road transportation vehicle u/s 32 i(1)(iia) of the it act
This query is : Resolved
bela joshi
(Querist)
04 July 2014
hello sir,
my question is what is the eligibility
of additional depreciation on trucks used in production under section road transportation vehicle u/s 32(I)(iia) of Income Tax Act.
basically the business is of quarry....
thank you
my question is what is the eligibility
of additional depreciation on trucks used in production under section road transportation vehicle u/s 32(I)(iia) of Income Tax Act.
basically the business is of quarry....
thank you
04 July 2014
should be a new and unsued asset and must be purchased by the assessee.
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bela joshi
(Querist)
04 July 2014
sir, can you tell
exactly about the section and eligibility for additional depreciation under above section and basically it has as business of quarry .so whether applicable or not?
exactly about the section and eligibility for additional depreciation under above section and basically it has as business of quarry .so whether applicable or not?
04 July 2014
section is correctly quoted by u and i have given the above condition for its eligibility
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Rupesh Jain
(Expert)
04 July 2014
psl see the section in which road transport vehicles are not allowed for additional depreciation.
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bela joshi
(Querist)
05 July 2014
sir can u please explain me exactly in which section i got this
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