Is additional depreciation allow to power unit if they has not followed special rates for depreciation?
Means company has other line of business and maintain power unit asset as block system with normal rate with other line of business.
Is additional depreciation allow to power unit?
Replies (4)
Hi Pranav,
As per sec. 32(1) additional Dep. is available on any plant or machinery other then ships or aircraft. So it is available the company on the above mentioned assets.
no..it is only available 2 a manufacturer..n d dend product shd hav a diff name,purpose n use..power unit wont get..
Mr.Pranav Tiberwal
Mr.Tinku
Ms.Bhumika
Power generation unit is certainly a manufacturing unit. Hydel Power Generating unit generates power using water, Bio-mass Power generating unit generates power by using bio-waste and like that. The final product "power" is different from "water" or "bio-waste" . Hope you have got clarification regarding the definition of " manufacture" as per latest amendment proposed in the Finance Bill.
Best Wishes
Sathikonda
Hello all of u
Can u pls solve my query
Addln depn is allowed to power generating units
And also any of depn method can b used
So my q is whether addln depn is allowed in both method.
Thanks
Parveen G Tolani
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