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additional dapreciation
can we take additional depreciation on books??
Replies (3)
Additional depreciation is allowed only on Eligible Plant and Machinery
And when the assessee is engaged in the business of Manufacturing or producing an article or thing.
Thus it is not allowed on books
And when the assessee is engaged in the business of Manufacturing or producing an article or thing.
Thus it is not allowed on books
No, additional depreciation is allowed only in case of new plant and Machinary only
Additional depreciation is for tax calculation only.
For accounting, it's based on accounting standards and principles.
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