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