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Additional depreciation

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(Querist)
30 August 2012 Whether tools and equipments are eligible for additional depreciation??
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Praveen Kumar Rathi

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Praveen Kumar Rathi (Expert)
01 September 2012 if they are essential part of machinery then A Dep. is allowed.
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CA VISHNU GAVKARE

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CA VISHNU GAVKARE (Expert)
01 September 2012 Further it should be purchased new and should be used for the purpose of manufacture.
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