Hello,
I wanted to know whether Depreciation can be claimed under Section 32 AC in FY 14-15 & FY 15-16 in addition to Accelerated Depreciation for pwoer assets.
Additionaly, does a power plant qualify as a MANUFACTURER or PRODUCER of article or thing under this section?
Best,
Sarvesh
ELIGIBLE ASSESSEE:(U/S 35AC)
Power is not article or thing because we can't touch it.
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Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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