most urgent......accelerated depreciation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 April 2015
IF ONE PARTNERSHIP WANTS TO SET UP SOLAR POWER GENERATION THEN CAN GET DEPRECIATION 80%
WHAT ARE THE PROCEDURE FOR THIS
WHAT ARE THE PROCEDURE FOR THIS
11 April 2015
Yes the same is available to a partnership firm also. The rate of depreciation specified is 80% so you can claim the same in the return subject to being used for more than 180 days.
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