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Dep rate on transformer


Jatin Sharma   03 August 2019

Jatin Sharma

 3 points

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what is the depreciation rate on transformer.. and what is the useful life.

avater

Manish (CA)     03 August 2019

Manish
CA 
 214 likes  3539 points

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Electric distribution plant 35 years.

1 Like
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Shivam RC (Student)     03 August 2019

Shivam RC
Student 
 2363 likes  18593 points

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Depreciation Rate : 15%
Block : PLANT & MACHINERY.

Under Section 32 of the Income Tax Act 1961 read with Rule 5 of the Income Tax Rules 1962, Depreciation is allowed on Fixed Assets and Intangible Assets under Block Concept using W.D.V Method.

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Jatin Sharma   04 August 2019

Jatin Sharma

 3 points

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Thanks shivam sir but actually i am asking for Comapnies act depreciation rate as per schedule

avater

subhagan sreerangam   10 August 2019

subhagan sreerangam

 203 likes  6573 points

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good clarification and information

avater

Shivam RC (Student)     11 August 2019

Shivam RC
Student 
 2363 likes  18593 points

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Respected Subhagan Sreerangam Sir,

It has been noticed for a couple of weeks that you are constantly posting the comment "GOOD CLARIFICATION AND INFORMATION " , for increasing your points. Kindly answer the question asked by the querist without just writing "good clarification and information"..

Please abide the rules and regulations of this group. All the members, employees, executives of caclubindia are trying their level best to make this app as the Best Professional Application.

I have no intention to hurt you Sir..

Thank You.

Warm Regards.

avater

subhagan sreerangam   11 August 2019

subhagan sreerangam

 203 likes  6573 points

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good clarification and information


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