Menu
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.
Recent Topics :
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
- Regarding 3CEB query
- Omitted E-Commerce Sales Reported in Table 14 but
- Omitted sales shown in GSTR-1 Table 14 but not in
- EWAY BILL TAKE OUT OF OTHER COMPAMY
- Penalty & late fee for late ITR filing
- Business discontinued as Government took possessio
Related Topics :
CAclubindia
