Depreciation
This query is : Resolved
25 February 2016
Dear Sir/Madam,
Please provide the details of depreciation available for LED lights used in factory for industrial purpose as per income tax act.
Your early response is very useful.
with regards
S.SREEDEVI
Please provide the details of depreciation available for LED lights used in factory for industrial purpose as per income tax act.
Your early response is very useful.
with regards
S.SREEDEVI
25 February 2016
10% being 'electrical fittings' comes under Clause II of Part A of Appendix-1 of Income tax Rules,1962.
25 February 2016
Dear Sir,
That 10% is applicable for general electrical fittings.
For Enegy saving devices Depreciation is 80%. LED lights are used to save electricity as energy savers. So, I have a doubt that the depreciation of 80% is applicable for this or not.
Please clarify
with regards
S.SREEDEVI
That 10% is applicable for general electrical fittings.
For Enegy saving devices Depreciation is 80%. LED lights are used to save electricity as energy savers. So, I have a doubt that the depreciation of 80% is applicable for this or not.
Please clarify
with regards
S.SREEDEVI
25 February 2016
To claim 80%, two conditions are to be satisfied, viz.,
i) it should be 'plant and machinery'
ii) it should come under any of the items mentioned in clause III (8) (ix) (A) to (G) of Appendix-I
Have a 2nd thought in the light of the above observation.
i) it should be 'plant and machinery'
ii) it should come under any of the items mentioned in clause III (8) (ix) (A) to (G) of Appendix-I
Have a 2nd thought in the light of the above observation.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Regarding appeal to GSTAT
- Regarding TDS Applicability For Director Remuneration
- Multiple trade mark
- Transporter Declaration form
- Copyright software
- Value of property in capital gain
- LC charges in relation to Asset purchased should be Capitalised ?
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- RULE 86B APPLICABILITY IN QRMP TAX PAYER
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
