What is the depteciation rate for solar panels .
1. As per Income Tax Act
2. As per Companies Act
According to my view its comes under the category of ENERGY SAVING DEVICES or RENEWAL ENERGY DEVICES.
So, As per Income tax act,1961 - Depreciation rate for
Energy Saving Device is 80% and for Renewal Energy Device also the same rate i.e., 80%
let me know is it right or not.
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