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Section 32 AD

If the cost of machinery is 10L, as per section 32AD we can claim 15% deduction, and now while calculating depreciation..should we consider P& M cost as 10 L or 8.5L.


sai krishna teja

sai krishna teja

CA Inter

480

31-Mar-21 23:09

15

Answers (1)

10L. There is no restriction on depreciation. This deduction u/s 32AD is in addition to the depreciation and additional depreciation.


sudha reddy

sudha reddy

Moderator

01-Apr-21 16:24

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