Depriciation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 September 2016
Whati is the rate of depriciation charged on dumper as per the latest guidelines provided in income tax act?
13 September 2016
"Dumper" comes within the expression "earth moving machinery" and is entitled to 30% depreciation.
Citation :- CIT Vs. HMT Construction Company (2002) 124 Taxman 470 (Guj) .
Citation :- CIT Vs. HMT Construction Company (2002) 124 Taxman 470 (Guj) .
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