Road transportation vehicle u/s 32 i(1)(iia) of the it act

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bela joshi (Querist)
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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

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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04 July 2014 should be a new and unsued asset and must be purchased by the assessee.

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bela joshi

bela joshi (Querist)
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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?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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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

Rupesh Jain (Expert)
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04 July 2014 psl see the section in which road transport vehicles are not allowed for additional depreciation.

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bela joshi

bela joshi (Querist)
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05 July 2014 sir can u please explain me exactly in which section i got this

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