35 ad deduction
Sivaram Sravan Kumar (4 Points)
03 August 2018
purchase of old plant and machinery is elligable for deduction under 35 ad?
2 Replies
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 03 August 2018
| Originally posted by : Sivaram Sravan Kumar | ||
 |
purchase of old plant and machinery is elligable for deduction under 35 ad? |  |
Old plant & machinery means already used machinery?
Gopi chand
(Student)
(4 Points)
Replied 03 August 2018
subject to 20% of total P&M can be old
imported Old P&M can be treated as new p&m
imported Old P&M can be treated as new p&m
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