sec-32
This query is : Resolved
02 August 2010
Under sec.32 normal dep. is not allowed as deuction if value of block of asset(plant & mach.) is nil. Is it true in case of additional depreciation also?
02 August 2010
YES IT IS TRUE,
AS PER INCOME TAX DEPRECIATION MEANS NORMAL DEPRECIATION AND ADDITIONAL DEPRECIATION.
AS PER INCOME TAX DEPRECIATION MEANS NORMAL DEPRECIATION AND ADDITIONAL DEPRECIATION.
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02 August 2010
Yes. Anything into zero is zero only.
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02 August 2010
Correct.
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