Hello. we use camera for taking photos which is main ingredients of newspaper which is our manufacturing product. However the AO does not allow additional depreciation for new cameras. Is it correct. more  

Venkat ji, any fixed asset used for business purpose will be elegible for depreciation. if you use camera in your personal income tax file and the income generated is from photography, then also depreciation will be put more  
Good Luck. Under Maharashtra VAT set off on various purchases made by newpapers are not allowed. more  
we avail additional depreciation for new machines which is used for manufacturing newspaper and it is accepted by AO. more  
Newspaper may not be a manufacturing otherwise you shall be liable for sales tax, excise and service tax. more  
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