Dep. rate
This query is : Resolved
16 August 2013
Depreciation rate on air pollution control equipments as per co. act 1956?
17 August 2013
As per companies act:-
Rate specified for plant & machinery in schedule XIV of companies act..please refer
https://www.caclubindia.com/share_files/depreciation-rates-as-per-companies-act-50830.asp#.Ug7yiZIwcaA
As per income tax act:-
Air pollution control equipment eligible to 100% depreciation despite forming part of regular plant & machinery
ITAT KOLKATA BENCH ‘B’ (THIRD MEMBER)
Deputy Commissioner of Income-tax, Central Circle-II, Kolkata
Versus
UAL Industries Ltd.
IT Appeal Nos.2004 (Kol.) of 2009 AND 1668 & 1669 (Kol.) of 2011
[ASSESSMENT YEARS 2005-06, 2006-07 & 2008 09]
JANUARY 1, 2013
Thanks & regards
Ganesh babu k
Rate specified for plant & machinery in schedule XIV of companies act..please refer
https://www.caclubindia.com/share_files/depreciation-rates-as-per-companies-act-50830.asp#.Ug7yiZIwcaA
As per income tax act:-
Air pollution control equipment eligible to 100% depreciation despite forming part of regular plant & machinery
ITAT KOLKATA BENCH ‘B’ (THIRD MEMBER)
Deputy Commissioner of Income-tax, Central Circle-II, Kolkata
Versus
UAL Industries Ltd.
IT Appeal Nos.2004 (Kol.) of 2009 AND 1668 & 1669 (Kol.) of 2011
[ASSESSMENT YEARS 2005-06, 2006-07 & 2008 09]
JANUARY 1, 2013
Thanks & regards
Ganesh babu k
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Unanswered Queries
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Liable to deduct tds and 44ADA
- Relief u/s Section 89
- Rent lease agreement
- TDS Challan Code
- Refund of 20%pre-deposit paid for stay application
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Supply through E-commerce Operators
- STCG on ETF gold & silver
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
