manufacture assessee
person purchase computer for install in factory in that case can he eligible for additional depriciation ????
11 Replies
Yash Chawda
(300 Points)
Replied 16 December 2017
so suppose in above example he purchase AC is also eligible to get additional depriciation
Pardeep Garg
(CA-Final Student)
(801 Points)
Replied 16 December 2017
hmmm...
any new asset for installation in factory is eligible for additional dep.
any new asset for installation in factory is eligible for additional dep.
Anisha
(Finance)
(69 Points)
Replied 20 December 2017
| Originally posted by : Yash Chawda | ||
 |
manufacture assesseeperson purchase computer for install in factory in that case can he eligible for additional depriciation ???? |  |
section 32 (1)(iia) provides for additional depreciation in the case of any NEW machinery and plant, other than ships and aircraft.
Computer is office equipment not eligible for additional depreciation.
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