Friends, Kindly say the depreciation rate at which the windmill can be claimed
UNDER COMPANIES ACT
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windmill depreciation rate
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Since there is no specific rate specified in schedule XIV for windmill the same will be depreciated as per rates applicable to Machinery i. e. 13.91%.
Mr.Aditya isnt Windmill a continous process plant?
It has been mentioned in schedule XIV that depreciation rate for continous process plant is 15.33 %.
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