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?
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Additional Depreciation
Replies (1)
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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