Additional Depreciation
This query is : Resolved
29 October 2007
Can we take additional deprn for the subsequent second year at the book value @ 20% u/s 32 for plant & machinery i.e. assets shold not be second hand & other proviso along with 15% WDV as per IT Act with the ammendment from 01/04/05.
29 October 2007
ADDITIONAL DEPRECIATION IS AVAILABLE ONLY IN THE YEAR IN WHICH THE NEW PLANT AND MACHINERY IS FIRST PUT TO USE.
R.V.RAO
R.V.RAO
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Treatment of Renting of Villa
- GST TDS applicability on black trap
- Issue with no residency during Jan, Feb, March 2025 due to diff. between US and India tax years.
- Error AIS modification submitted
- ITR BELATED FILED DEFECTIVE U/S 139(9) AY 2024-25 - FAILED TO SUBMIT THE ONLINE RESPONSE
- House keeping and security services ITC can claim
- Evaporation loss in vat return
- Do I need to pay taxes on uber one credits or Best Buy reward certificate?
- DTAA India & UAE
- Tax payment deduction from house loan EMI
- Capital gain tax on gold mutual fund , ETF
- TDS deduction.
- GST on Land Lease From MIDC
- Leave taken during Extension period of Articleship
- Regarding TDS deduction before 15CA filing
- Reversal of Interest provision in case of MSME buyer
- Penalty under new section 271 of IT Act
- GST liability .
- GST LIABILITY on market yard
- ITC CLAIM ON CLEARING AND FORWARDING CHARGES IN CASE OF IMPORT
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
