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?
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.
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