28 July 2013
From 1st april 2012 the depreciation rate on windmill is reduced to 15%. i want to know whether this rate is applicable to windmills purchased after 1/4/12 or on all windmills held by assesse (purchased before 1/4/12).
28 July 2013
Depreciation on Wind Mills purchased before 1.4.2012 will be 80%. . Depreciation on Wind Mills purchased on or after 1.4.2012 will be @ new rate. .