Eligible plant and machinery
What is included in eligible machinery for calculating additional depreciation?
Replies (2)
Dear Animish
Any Plant or Machinery that help in manufacturing/Production of Article/Thing/Item Except
-Ship and Aircraft
- Second Hand Machinery
- Any machinery/ plant installed in any office/ residential accommodation/ guest house accommodation
- Any machinery/ plant whose total actual cost is allowed as a deduction in computing business income in any if one previous years.
- Acquisition & Installation of Plant & Machinery should be satisfied simultaneously
Thank You Sir
So we have Calculate Additional Depreciation For every other Plant and Machinery except Ship,Aircraft and Second hand machinery?
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