What are the Income Tax and Depreciation benefits a company can get by Investing in Solar Energy Projects..??
AND
What are the benefits available to the company purchasing or spending for utilizing solar energy...??
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Tax and Depreciation benefits for Investment in Solar Energy
Replies (5)
By putting in use the renewed energy devices the company can get enhanced depreciation @ 80%.
Sir,
Please provide me the source data..!
You can refer Table of Rate of Depreciation Rates,
APPENDIX I
(WHICH HAS BEEN PRESCRIBED UNDER RULE 5 , OF THE INCOME TAX RULES, 1962
This is generally given in any Ready Reckoner of Income Tax.
Is the Solar Energy Producer required to pay Minimum Alternate Tax?
Is the additional 20% depreciation on new plant and machinery available for solar project?
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