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Additional depreciation
is additional depreciation given on weighbridge installed inside the factory ?
Replies (4)
Dear Vora,
According to condition of section 32 additional depriciation is only available on New Plant and Machinery acquired for production of any article or thing in factory.
Weighbridge: if installed in factory can be consider as plant & machinery and hence you can claim addition depriciation on the same at 20%.
But there may be different view on this so, go with case laws if any available
Dear manoj sir,
I have referred to a case in which it was said - computer if used inside the factory was elligible for additional depr.
So going by the words i think qeigh bridge should also be elligible
Dear Vora,
According to my experience weighbridge will be classified Under Plant & machinery and hence it should be considered for additional dep.
Regards
Additional Depreciation will be allowed on WeighBridge.
Same view as of Manoj sir.
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