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Additional depreciation

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(Querist)
09 September 2012 an asset say mouldes worth Rs.20000 purchased during the P Y included in the block plant and machinary ,then is it qualify for additional depreciation under I T Act ? (the assessee is engaged in manufacturing of articles)
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Vikas Gupta

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Vikas Gupta (Expert)
09 September 2012 if this assets is new and directly required for production of articles then it is eligible for additional deprication

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