Income tax related query
THIRUMALAI KUMAR S (manager) (25 Points)
10 March 2016THIRUMALAI KUMAR S (manager) (25 Points)
10 March 2016
Ruchi
(CA)
(1410 Points)
Replied 10 March 2016
Depreciation of 80%is applicable on energy saving devices. Here, stipulation of second hand machinery is not applicable. Rather, I would say that 80% is the normal rate of depreciation on energy saving devices. However, you are not eligible to claim Additional Depreciation on this.