Depreciation
This query is : Resolved
sudarshan n.c.
(Querist)
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
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
26 April 2014
magazine publishing co cannot be termed as power generating unit under income tax act.
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Nikhil Kaushik
(Expert)
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.
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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