Additional dep in income tax
Pranav Aggarwal (525 Points)
26 May 2020
whether additional depreciation on computer is allowed if we installed in factory rather than office premises .
2 Replies
Kiran Hathalia
(837 Points)
Replied 26 May 2020
According to section 32(1)(iia) of the act, additional depreciation is applicable only on plant and machinery and not on computers.
Puneet Matha
(32 Points)
Replied 29 May 2020
Yes it will be allowed if installed in factory premises.
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