Rate for the P&M
Generally : Vehicles / Oil Wells : @ 15%
Computers / Books / Pollution Controlled Equipment / Airplane / Windmills installed on or after 1-4-2014 : @ 40%
Ships / Vessels : @ 20%
Vehicle used for hiring business : @ 30%
Under the Income Tax Act, 1961, rate of depreciation on Plant & Machinery is 15%.
Shaswat initial support private limited
Ahmedabad
CS
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Aggarwal Sarawagi and Co
New Delhi
CA
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Karia Overseas
Ahmedabad
CA
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CAclubindia
