additional depriciation

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manufacture assessee

person purchase computer for install in factory in that case can he eligible for additional depriciation ????
Replies (11)
yes...
no issue.
are you sure
so suppose in above example he purchase AC is also eligible to get additional depriciation
hmmm...
any new asset for installation in factory is eligible for additional dep.
ohk sir
thanks
I'm a student.
welcome
i am also
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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