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Depreciation

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Abhijit Sadashiv Nirukhe

Abhijit Sadashiv Nirukhe (Querist)
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23 November 2015 What is rate of depreciation allowable to fire fighter & Safety equipment's? Whether expenditure on Fire Fighter & safety equipment's are allowable as 100% revenue expenditure or not?

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23 November 2015 Normal RAte 15% is charged on fire fighter & Safety equipments

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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23 November 2015 Only 15% depreciation is allowed under general plant and machinery for the above fire fighting equipments.

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