Depreciation

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sudarshan n.c. (Querist)
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26 April 2014 Regarding solar power generation depn._sec 32
Whether a magazine publishing company can be termed as as power generating unit so as to excercise option before filing the return @ 80%
how to excercise this option

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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26 April 2014 magazine publishing co cannot be termed as power generating unit under income tax act.

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Nikhil Kaushik

Nikhil Kaushik (Expert)
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27 April 2014 1. if you have a solar power plant, you can claim accelerated depreciation. You being a publication house has no link to it. But the deprecation is based on certain items only. kindly refer https://www.eai.in/club/users/aathmika/blogs/25442

the moot point is that you should have the solar plant!

in the tax return, you need to claim under the DPM_DOA sheet "plant and machinery" - "vi" column.

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