Income tax act depreciation rate
This query is : Resolved
KOLA MANIKANTA
(Querist)
26 August 2018
What is the Income Tax Act Depreciation rate for "CENTRING EQUIPMENT" ?
KAVIRAJA ADDANGADI
(Expert)
26 August 2018
You can charge 15% desecration
Message likes :
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KOLA MANIKANTA
(Querist)
27 August 2018
Sir, some people are saying that centring & shuttering equipment qualifies for 100% depreciation.
28 September 2021
No. Maximum rate for depreciation under IT act, has been reduced to 40%.
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