Dep. rates under it act

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M.COM CA
62 Points Posted on 22 March 2012

What would be the rate of Depreciation under IT act for "TIPPER" used in the business of Construction, Excavation ?

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On 22 March 2012 at 12:26 Report
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CA
770 Points Posted on 22 March 2012

Depreciation rate will be 15%.

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On 22 March 2012 at 12:56
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Keen to learn something new every moment
2588 Points Posted on 22 March 2012

it will  comw under the mechinary head hence the depriciation rete shall be  15 % as per Income Tax.

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On 22 March 2012 at 16:06
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M.COM CA
62 Points Posted on 23 March 2012

thanks 

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On 23 March 2012 at 10:39

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