Addition depreciation

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 May 2012 A manuf. concern claim additional depreciation on energy saving equipment under income tax act 1961, company's treatment right or wrong?
also refer it's stu. provision.
soon pls

prateek aanchalia

prateek aanchalia (Expert)
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14 May 2012 if energy saving equipment new purchase during the year and its related to Plant & Machinery than co. eligible to claim additional depreciation.

Querist : Anonymous

Querist : Anonymous (Querist)

15 May 2012 but energy saving equip. already enjoy 80% rate of depre. !!!

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