Depreciation
This query is : Resolved
29 March 2019
Plant and machinery have been installed in a factory which manufactures pharma products. What shall be the rate of deprecitaion as per the income tax act 1961.
29 March 2019
Follow the link. I think it should be 15% (as general Machinery).
https://www.incometaxindia.gov.in/charts%20%20tables/depreciation%20rates.htm
https://www.incometaxindia.gov.in/charts%20%20tables/depreciation%20rates.htm
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