25 March 2010
in case of New Machiner which is to be used for the purpose of manufacturing or production of an article or goods, An additional depreciation @ 20% is allowed to the assessee in addition to the normal 15% depreciation. Calculation: if assets used for more than 180 days= 20% of cost of machinery if less than 180 days= 10% of cost and Plus normal depreciation= 15% or 7.5% of cost.
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