can someone tell me whether borewell and motor pump is a part of plant and machinery
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Depreciation
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As they are apart of Plant and machinery and depreciation as per income tax will be charged @ 15% on both.
It is used for planting. There are a lot of things one could say about the country's banks. Regardless of anything else, one cannot say they are notconsistent, as they keep raising charges yearly. An annual Bankrate survey on checking accounts found ATM charges and otherbank account fees have increased again.
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