BOOKS BEING ANNUAL PUBLICATION USED FOR LESS THAN 180 DAYS.WILL ADDDITIONAL DEPRECIATION BE CHARGED OR NOT?BECAUSE BOOKS IS UNDER THE PERVIEW OF PLANT AND MACHINERY.
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Question regarding additional depreciation in pgbp
Replies (1)
Refer the section of Addition Depreciation.
Not all Plant and Machinery are eligible for additional deductions.
Additional deductions are allowed on plants and macinery for assessee who are manufacturing.
Whereas the Books are recognised as Plant and Machinary for those who carry on any profession. Theses two situation are mutually exclusive. Therefor NO ADDITIONAL DEPRECIATION WILL BE AVAILABLE
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