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Depreciation rate on amusement games

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 December 2012 Dear all,
Can anyone tell me the depreciation rates applicable for games in water park or amusement park under IT Act.Is it 15 % or some other special rate is there.?
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
08 December 2012 It is plant & machinery and accordingly depreciation rate of 15% will apply.
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Querist : Anonymous

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Querist : Anonymous (Querist)
10 December 2012 Thank you.
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
25 December 2012 You are welcome. You should use the thanks button to convey your thanks.
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