11 March 2015
One of my client is owner of Heavy vehicle. He had purchased new battery for vehicle. I want to know whether Battery is liable for depreciation, if yes then at which rate?
11 March 2015
Dear Sanjay Gupta, Depreciation at rate of 33.4% is available on batteries only for Power Generating Units as per your links, that you posted here.
11 March 2015
Other than power generating Unit depreciation will be available @ 15% under Plant & Machinery category. But yes battery will be liable for depreciation as it is a capital item and can not be charged to revenue.