profession
101 Points
Posted on 06 June 2008
I am a Ca final student. wanna know what rate of depreciation in respect to accounts of a Tea manufacturing unit will be charged on following items:
1. Fencing of Factory.. 2. Plant and Machinery in a tea industry. 3. Commercial Vehicles. 4.Land & Plantations.
FENCING:- NOT A CAPEX CHARGE TO REVENUE
PLANT & MACHINERY:- 15% AS PER IT AND GENERAL RATE FOR CONTINIOUS FACTORY AS PER COS ACT.
COMM VEH:- 30% AS PER IT
LAND :- NIL
PLANTATION:- BASED ON UPROOTING OF TEA BUSHES
AS