Menu
Depreciation IT Act
What is the Rate of Depreciation as per IT Act on Electric Panel.
Replies (3)
15%, considering electric panel is part of machinery
The general rate of depreciation for machinery is 15%. Moreover, additional depreciation of 20% is available in the first year for the business involved in power generation, distribution and, industrial undertaking
We are manufacturers of mobile accessories
and it is installed in our building only
and it is installed in our building only
It will be categorised as Plant and Machinery and the Rate of Depreciation is 15%.
Recent Topics :
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
- Why are foreign investors suddenly buying Indian s
- TDS ON IMMOVABLE PROPERTY - PURCHASE FROM NRI &
- Query to Tax Garden tax consultant
- Subject: Urgent Assistance Required – TRACES
Related Topics :
CAclubindia
