Depreciation as per IT
Vinod Shah (Article) (53 Points)
04 September 2018
There is any addition depreciation as per IT Act on purchase of plant and machinery for the A. Y. 2018-19
2 Replies
Vishal Soni
(88 Points)
Replied 04 September 2018
20% in case of manufacturing and production of any artical or things.
Ashwin Kumar
(CA ipcc)
(449 Points)
Replied 04 September 2018
20% if you are using the purchased machinery for manufacturing goods and you can claim only 50% of 20% if the machinery is put to use for a periode less than 180 days.
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