27 December 2014
Dear experts
I would like to know that we have started our unit in the financial year 2012-14 and installed the machinery in the same year. Shall we eligible for availing the depreciation 15% on the machinery . Ours is a engineering works unit.Pl clarify my quarry in a detailed manner.
Thanking you
yours faithfully
Chandrasekhar
27 December 2014
You are eligible to claim depreciation as you have already started the unit. . You can claim depreciation at full rate i.e @15%, if the machinery have been used for more than 180 days during the FY. In case used for less than 180 days you can claim Depreciation @ 7.5%.
27 December 2014
You are eligible to claim depreciation as you have already started the unit. . You can claim depreciation at full rate i.e @15%, if the machinery have been used for more than 180 days during the FY. In case used for less than 180 days you can claim Depreciation @ 7.5%.
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