Friends, pls tell that wheather computers are eligible for additional depreciation?
Thanks
Saurabh Maheshwari (B.com,ACA) (5923 Points)
10 July 2012Friends, pls tell that wheather computers are eligible for additional depreciation?
Thanks
Ketan Padsala
(CMA-Final)
(89 Points)
Replied 10 July 2012
Additional depriciation is allow only for manufcturer or producer of Goods.Subject to condition Good is Not covered in Artical 11.
MAHESH GARG
(AUDIT EXECUTIVE)
(334 Points)
Replied 10 July 2012
Additional depreciation is available only for new Plant & Machinery.
Computers are not eligible being in 60% depreciation block
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
CAclubindia
