Eligible plant and machinery

Animish Kanhere (Student) (56 Points)

11 March 2015

What is included in eligible machinery for calculating additional depreciation?

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J. K. Ratan (Compliance Advisor) (794 Points)
Replied 11 March 2015

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

Animish Kanhere (Student) (56 Points)
Replied 11 March 2015

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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