Windmill related

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 November 2017 Dear Experts

we have ( Pvt Ltd Company) decide to purchase 2nd hand windmill form GST registered person my query is

1. in 2nd hand windmill we claim the depreciation in IT Act OR not
2. 80I deduction is available OR Not
3. we Claim the GST Input OR Not

please clarify the above

Thanking you

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

28 November 2017 1 As 80% depreciation is allowed in initial years depreciation may not be available for you to claim check with your seller.
2 80I deduction available only for new unit.
3 Out put power is exempt from GST so you can't claim GST input credit.

Querist : Anonymous

Querist : Anonymous (Querist)

28 November 2017 Dear Sir

Thanks for your replay
Our Seller already claimed 80% Depreciation can i claim 15% like treated as machinery

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

28 November 2017 Yes you can claim 15% depreciation.

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