Depreciation for agriculture tools
This query is : Resolved
26 September 2009
hi, i would like to know depreciation rate for following agriculture equipiment :
1. spray pump
2. poly tube
as per both I-T act, and Companies act,
Thanks
1. spray pump
2. poly tube
as per both I-T act, and Companies act,
Thanks
CA. B.SRINIVASULU
(Expert)
27 September 2009
Income tax rate is 15% which is applicable for plant and machinery.
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