Income tax act depreciation rate

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(Querist)
26 August 2018 What is the Income Tax Act Depreciation rate for "CENTRING EQUIPMENT" ?
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
26 August 2018 You can charge 15% desecration
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KOLA MANIKANTA

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KOLA MANIKANTA (Querist)
27 August 2018 Sir, some people are saying that centring & shuttering equipment qualifies for 100% depreciation.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
28 September 2021 No. Maximum rate for depreciation under IT act, has been reduced to 40%.
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