CA Student
82 Points
Joined November 2009
If it is a manufacturing concern, additional depreciation will be claimed on plant and machinery ( i.e., 20%). And important thing is whether plant and machinery is purchased before 182 days or after 182 days in a year. If it is more than 182 days 50% of the rate ( i.e., 50% of 20%) and otherwise normal rate.
See once section 32 of Income Tax Act 1961