additional depreciation u/s 32
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 February 2011
The company is manufacturing and growing tea, it has bought a machinery during the financial year 2010-11,whether the company can claim additional depreciation along with normal depreciation for the assessment year 2011-12.is tea satisfies the definition of production of an article or thing.
04 February 2011
Additional deprecitaion in this case is not allowed.
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 February 2011
sir,can u please tell me the reasons for it.
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