depreciation for temporary structures
This query is : Resolved
11 June 2010
A constuction firm has built temporary structures eg shuttering and godowns etc using steel, wood , tin etc.
Is it eligible for 100% depreciation under section 32 of the IT act.
Is that section specifically for the wooden and tin structures?
if so then what rate of depreciation will be applicable on these structures?
Is it eligible for 100% depreciation under section 32 of the IT act.
Is that section specifically for the wooden and tin structures?
if so then what rate of depreciation will be applicable on these structures?
Rahul Gupta
(Expert)
11 June 2010
Yes it is eligible for 100% deduction .
Section 32 is general section for depreciation in respect of all assets not specially for wooden or Tin structures..
Section 32 is general section for depreciation in respect of all assets not specially for wooden or Tin structures..
12 June 2010
AGREED WITH RAHUL JI. 100% DPERECIATION IS AVAIALBE ON TEMPORARY STRUCTURES.
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- EPF ECR NEW RULES Sep 17th 2026
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
