Depercation

This query is : Resolved

l ramu (Querist)
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11 September 2008 Sintex Water Tank Used for proudction comes under what Head ie Plant & Machinery,Factory Building or Other Building
Please Clarify

CA. Dashrath Maheshwari

CA. Dashrath Maheshwari (Expert)
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11 September 2008 Plant and machinery

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
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12 September 2008 Used for production is a very wide term. For example even a building can be used for production. It should be clarified What is the immediate utility of that tank.

l ramu

l ramu (Querist)
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12 September 2008 Sintex Water Tank used for Aqua Farm & Aqua Hatcheries for storing Water .Some Experts said it is movable propery so it is considered as plant & Machinery.We are not connect any motor with that thank. Please Calrify Breifery as Per Deperication Schedule Companies act & Income Tax, What Percentage Applicable for both act

l ramu

l ramu (Querist)
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