The partnership firm, manufacturing unit, has decided to purchase solar panel in the FY 2015-16. Please give the information regarding provision u/s. 80 of IT Act and depreciation for solar panel purchase.
10 February 2016
Depreciation allowable as per Income tax Act for Renewable Energy -Flat Plat Solar connectors,Solar power generating Systems , solar Cookers, Solar Water Heaters Air,Gas,Fluid Heating System , Solar Pumps etc rate of Depreciation allowable 80% .
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