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alex gowar

alex gowar (Querist)
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16 August 2013 Depreciation rate on air pollution control equipments as per co. act 1956?

Ganeshbabu K

Ganeshbabu K (Expert)
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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

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