Tax and rate of Depreciation
This query is : Resolved
14 February 2008
I want to know thatIncome from Wind Power Generation machine is eligible for deduction or not from income while computing tax on total income.
Also want to know about rate of depreciation of wind power machine as per Company act and as per IT act.Please note that we are a service provider in oil and exploration field.
Also want to know about rate of depreciation of wind power machine as per Company act and as per IT act.Please note that we are a service provider in oil and exploration field.
05 March 2008
you can claim 100% exemption under section 80 IA for the profit on power generation
As per companies act there is no difference from the regular assets
As per companies act there is no difference from the regular assets
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