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Clarity on 32ac, income tax
whether "computers installed in factory" to be considered for allowance under sec 32AC.....act reading says "office appliances including computers and software" ?
Replies (11)
Thank you.....
But would it make any difference if "the computers are installed in office" or "the computers are installed in factory ? "
Is any other view possible ?
Thank you...for the clarity
Yes, not eligible for additional depreciation.
According to me also Computer at Factory will also be not eligible for 32AC & Additional Depreciation.....but in guideline answers provided by gurukripa for CA Final DT paper may 2014 they have included the same...so postion is not cleared....
So what view would icai take ? Will they grant marks for the same ?
hopes so...wait for the suggested answers....
Thanks chirag....can u have a look on the wealthtax question of commercial properties let out on rent for 300 days....act specifically excludes "commercial establishment or complexes" so again what view is possible as shreegurukripa takes a different view
Commercial property is different from "Commercial establishment or Complexes".....so in that case answer given by gurukripa is coorect...even VG sir had taught us the same thing..
Commercial property is different from commercial establishment & Complexes...so ans. given by gurukripa is correct in this case...
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