Dep rate on transformer

Manish (CA)     03 August 2019

Electric distribution plant 35 years.

Shivam RC (Student)     03 August 2019

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.

Jatin Sharma   04 August 2019

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

subhagan sreerangam   10 August 2019

good clarification and information

Shivam RC (Student)     11 August 2019

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.

subhagan sreerangam   11 August 2019

good clarification and information