Additional Depreciation

Tax queries 466 views 1 replies

Hi,

Whether additional depreciation u/s 32(1)(iia) is available for plant & machinery purchased by rice mills. Whether the activity undertaken by rice & flour mills are considered as manufacturing/ production for sec 32?

Replies (1)

HI DEAR,

 

BY THE FINANCE ACT, 2009 SECTION 2(29BA) HAS BEEN INSERTED TO PROVIDE THE DEFINATION OF THE TERM MANUFACTURE.  PLS GO THROUGH THE SECTION

 

REGARDS,

MANOJ


CCI Pro

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