manufacture assessee
person purchase computer for install in factory in that case can he eligible for additional depriciation ????
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additional depriciation
Replies (11)
yes...
no issue.
are you sure
so suppose in above example he purchase AC is also eligible to get additional depriciation
hmmm...
any new asset for installation in factory is eligible for additional dep.
any new asset for installation in factory is eligible for additional dep.
ohk sir
thanks
I'm a student.
welcome
i am also
| Originally posted by : Yash Chawda | ||
 |
manufacture assesseeperson purchase computer for install in factory in that case can he eligible for additional depriciation ???? |  |
section 32 (1)(iia) provides for additional depreciation in the case of any NEW machinery and plant, other than ships and aircraft.
Computer is office equipment not eligible for additional depreciation.
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