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Dep.Rate

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(Querist)
16 February 2010 what is the rate of Depriciation(as per Income Tax) on Plant and machinary purchased after 31/03/2005? is it 35%?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
16 February 2010 Appendix 1(rule 5 of income tax rules,1962) contain no such rate from 2003-04 to 2009-10.
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pinky

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pinky (Querist)
16 February 2010 Are you sure? I mean isnt it like if P&M is purchased after 31/03/2005 than Dep rate is 35%?
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pinky

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pinky (Querist)
16 February 2010 Are you sure? I mean isnt it like if P&M is purchased after 31/03/2005 than Dep rate is 35%?
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pinky

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pinky (Querist)
17 February 2010 Hi!Existing rate of Dep is 15 on P&M and as per sec 32 Additionad dep is 20% if P&M is purchased after 31/03/2005
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