Depreciation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
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).
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).
CA PARAS BAFNA
(Expert)
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.
.
.
Depreciation on Wind Mills purchased on or after 1.4.2012 will be @ new rate.
.
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