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Depreciation

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Querist : Anonymous

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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).
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CA PARAS BAFNA

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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.
.
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