What is Depreciation rate applicable of aircraft as per income tax act for A.Y2020-21 and other investment benefit if any
and depreciation rate as per companies act 2013?
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Depreciation of aircraft
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Aircraft Rate of Dep @ 40 % and no other investment benefit are available
Benefit for NEW P& M excluding aircraft , second hand machine , vessel . motor vehicle , office equipment etc
As per Companies Act , Component based accounting may be followed .
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