DEPRECIATION ON ELECTRIC FITTINGS

Hi Shashi,

Basically both of the rates are correct, the application of it shall depend on the type of fitting used and classification made.

Yeah,

U must be getting different views on this query. In my view, if the electric fitting is used in the office then 10% rate should be applied. If it used at plant location, it will be a part of Plant & Machinery and 15% rate will be applicable.

Depreciation on electrical fittings if it is used for office furniture then it is 10%

other wise it is 15%

Depreciation on Electrical Fittings is 10%. The term electric fittings includes electrical wiring, switches, sockets, other fittings & fan. Plz refer pg no. 72 & 77 of Direct tax ready recknor from Taxmann Publication. 32nd edition.

regards,

ratan

HERE  i am giving wordings of Girish Ahuja:

Depreciation on furniture and fitting including electrical fitting: 10%

electrical fittings include electrical wiring, switches, sockets, other fittings and FANS, etc.

it means depreciation on FANS is also 10%.

am i right?

Yeah You are right

Could someone please tell me the depreciation rate on solar power generating systems