Dep. rate
This query is : Resolved
alex gowar
(Querist)
16 August 2013
Depreciation rate on air pollution control equipments as per co. act 1956?
Ganeshbabu K
(Expert)
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
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