Sir,
Can we claim additional dep. on neon sign board in the year of Purchase
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Additional Depreciation on Neon Sign Board
Replies (1)
no because as per sec 32(1)(iia) additional depreciation is only allowed to plant and machinery which contribute in production,manufacturing and also to power generation,transmission or distribution companies.
and last according to circular to printing press. but new does not fulfill any of its condition its only use for attracting people for sale enhancement.
and last according to circular to printing press. but new does not fulfill any of its condition its only use for attracting people for sale enhancement.
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