Hi,
Whether additional depreciation u/s 32(1)(iia) is available for plant & machinery purchased by rice mills. Whether the activity undertaken by rice & flour mills are considered as manufacturing/ production for sec 32?
Prasanna (Articled Assistant) (119 Points)
08 September 2010Hi,
Whether additional depreciation u/s 32(1)(iia) is available for plant & machinery purchased by rice mills. Whether the activity undertaken by rice & flour mills are considered as manufacturing/ production for sec 32?
Manoj BG
(Tax Professional and in Service)
(1795 Points)
Replied 08 September 2010
HI DEAR,
BY THE FINANCE ACT, 2009 SECTION 2(29BA) HAS BEEN INSERTED TO PROVIDE THE DEFINATION OF THE TERM MANUFACTURE. PLS GO THROUGH THE SECTION
REGARDS,
MANOJ
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