Depreciation eligiblity as per IT Act.
This query is : Resolved
23 October 2009
In case of further capacity expansion whether depreciation benefit under Income tax Act can be availed
1.Only after the start of commercial production from the expanded capacity ?
2. Once the plant is ready for use even though the commercial production is not started?
B K Biswal
1.Only after the start of commercial production from the expanded capacity ?
2. Once the plant is ready for use even though the commercial production is not started?
B K Biswal
23 October 2009
After start of commercial production as dep allowable after asset put to use.
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