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Depreciation on Multiplex Theater as per Income Tax

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(Querist)
25 September 2023 What is the depreciation on Setup Cost @1.50 Cr of Multiplex theater as per Income Tax Act ? there is no separate cost of Furnitures & equipment's are available.
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Asha Kanta Sharmapro badge

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Asha Kanta Sharmapro badge (Expert)
29 September 2023 I do not think we have all in one rate for Multiplex Theaters and rather it should be depreciated as Land and Building with separate deprecials of other plan and machineries

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