FA- Additional Depreciation @20% for Plant and Machinery in the 1st year as Per IT Act,Clause (iia)
As per IT Act of India, additional Depreciation needs to be provided for any new Plant and Machinery in addition to the normal depreciation percentage. But India Localization does not provide any option for this additional depreciation only in the 1st year.
Is there any direct or workaround solution for this issue?
Thanks
Sandip
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