Depreciation on imported machinery
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 June 2010
we have imported second hand machinery from Germany two years back, now its used in production.
My question is that can i claim depreciation on that as per company law and what is the rate of depreciation.
My question is that can i claim depreciation on that as per company law and what is the rate of depreciation.
22 June 2010
DEAR,
U CAN CLAIM DEPRECIATION U/S. 32 OF COMPANIES ACT
THE RETE OF DEPRECIATION :
IN SLM METHOD :
ONE SHIFT 4.75 %
TWO SHIFT 7.42 %
THREE SHIFT 10.34 %
IN SLM METHOD :
ONE SHIFT 13.91 %
TWO SHIFT 20.87 %
THREE SHIFT 27.82 %
U CAN CLAIM DEPRECIATION U/S. 32 OF COMPANIES ACT
THE RETE OF DEPRECIATION :
IN SLM METHOD :
ONE SHIFT 4.75 %
TWO SHIFT 7.42 %
THREE SHIFT 10.34 %
IN SLM METHOD :
ONE SHIFT 13.91 %
TWO SHIFT 20.87 %
THREE SHIFT 27.82 %
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