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depreciation

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(Querist)
28 May 2010 what is the rate of depreciation on cold storages used by individual using cold storages for storing finished goods
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CMA.Palani Arumugam

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CMA.Palani Arumugam (Expert)
28 May 2010 As per Income Tax Act, it would cover under "Plant & Machinery"and depreciation will be 15%
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
28 May 2010 agreed
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
28 May 2010 AGREE WITH MR. PALANI

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