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PURCHASE SOLAR PLANT FOR SHOP CAN WE CALIM DEPRICIATION

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(Querist)
01 July 2024 PURCHASE SOLAR PLANT FOR SHOP CAN WE CALIM DEPRICIATION

AND WHAT IS THE RATE OF DEPRICIATION

THANKS IN ADVANCE
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
02 July 2024 Yes depreciation can be claimed.
The depreciation rate for solar panels is set at 40% using the Written Down Value (WDV) method.

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