02 December 2009
Hi, I am purna working in DAESUNG ELECTRIC INDIA PVT. LTD. AS a Finance & Costing Officer. Our company is Automobile Industries, producing Automobile componets. All Machinery and its spare parts imported from korea. pls help me what are the depreciation as per IT Act
03 December 2009
the assessee is eligible to avail additional depreciation @ 20% on new plant and machinery subject to fulfilment of certain conditions. Section 32(1)(iia)
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