Is additonal depreciation allowed on jigs & dies ?
Additional depreciaiton
Replies (1)
In my understanding Jigs and Dies are essential component of the machinery without which the machine can not function and hence it should be treated as part of machine and be capitalized in machine and depreciation be claimed on it in the same way.
The above us not in nature of loose tools and hence not a revenue expenditure.
Recent Topics :
- Bill-to-ship-to material at client site, project c
- Export previously now to be considered domestic sa
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
Related Topics :
CAclubindia
