Hi....
Kindly help for Depreciation rate for transformer installation by a manufacturing unit. also wheather it is entitled for additional depreciation?
Thans in advance
vinodk.Nesar (AUDIT) (100 Points)
21 June 2008Hi....
Kindly help for Depreciation rate for transformer installation by a manufacturing unit. also wheather it is entitled for additional depreciation?
Thans in advance
CA Hemant T Dewani
(Chartered Accountant)
(3356 Points)
Replied 21 June 2008
depriciation is charged @ 15% no enhance dep is allowed u/s 32
bishan singh negi
(service)
(87 Points)
Replied 22 June 2008
depreciation on transfermer should be 80% kindly check
vinodk.Nesar
(AUDIT)
(100 Points)
Replied 23 June 2008
Yup... but no were it is said that it is 15% either 80%. But only data available is that if transformer is given to govt it can be treated as revenue.. in other cases...???
Pl clarify me...
bishan singh negi
(service)
(87 Points)
Replied 23 June 2008
THE FUNCTION OF TRANSFERMER SAME LIKE AUTOMATIC VOLTAGE CONTROLLER THE DEPRECIATION RATE IS 80%
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