rates of depreciation


08 October 2008 can any body tell me the depreciation rates on

1) Docks and seawalls,Piers and Navigational aids.

2) Cranes and vehicles

3) Floating crafts.

4) Wharves , roads,and boundaries

5) Capital Dredging.

Any body who has ever handled an audit of a port can definetly answer this question.

08 October 2008 As per Companies Act or IT Act

08 October 2008 As per Companies Act or IT Act

08 October 2008 If it is under companies act refer schedule X1V or if it is under income tax act refer appendix to section 32.

18 October 2008 I have gone through SCH X1V and sec 32 but wasnt able to find the rates on navigatinal aids , dredging, etc

18 October 2008 see any machinery which is form part of the companies operation will come under Plant & Machinery....so if you r unable to find dat in cos Act exactly d name of the machinery....then you can take Machinery depn or higher of that....so see some machinery and take more than that rate and give enough disclosures in notes to acs....


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