Deprecation rate for solar power plant
This query is : Resolved
11 May 2023
Dear Experts,
What will be the Deprecation rate for solar power plant as per
Income Tax Act,1961.
Companies Act,2013.
Also whether the company claim the additional depreciation of 20% as per Section 32(1)(iia) of Income Tax Act,1961.
Pl clarify
What will be the Deprecation rate for solar power plant as per
Income Tax Act,1961.
Companies Act,2013.
Also whether the company claim the additional depreciation of 20% as per Section 32(1)(iia) of Income Tax Act,1961.
Pl clarify
11 May 2023
As per section 32 of income tax act 1961, Solar plant is eligible to avail 40% of depreciation. Extra depreciation of 25% on capital expenditure of Solar plant is a huge tax savings.
Under companies Act 15 years life is considered for depreciation
Under companies Act 15 years life is considered for depreciation
11 May 2023
Dear Sir,
Thank you for your response.
I would like to confirm that the additional depreciation is either 20% or 25%
Thank you for your response.
I would like to confirm that the additional depreciation is either 20% or 25%
11 May 2023
It's 20% only.
...
...
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
Similar Resolved Queries
Unanswered Queries
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Opting our of sec 44AD
- Value of property in capital gain
- Regarding TDS Applicability For Director Remuneration
- Multiple trade mark
- LC charges in relation to Asset purchased should be Capitalised ?
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Copyright software
- Transporter Declaration form
- Applicability of GST on deduction for cancellation of Pension policy
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
