Urgent -Depreciation rate
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 May 2010
what is the Depreciation rate under Income Tax act for transit Mixer, Cement Mixer , Concerete Mixer , which is let out on hire
14 May 2010
In the incometax act the names of these threee plant & machineries have not mentioned and other items mentioned in the list are not by these items. so as per my openion The normal rate of 15% should be considered.
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