A.c installed in plant
This query is : Resolved
08 August 2011
Sir,
Please suggest me :
as per income tax act & co. act under what category should i consider the depreciation rate if A.C has been installed in plant.
consider it as urgent!
Please suggest me :
as per income tax act & co. act under what category should i consider the depreciation rate if A.C has been installed in plant.
consider it as urgent!
08 August 2011
AC is an integral part of the plant. Without it production efficiency level can not be achieved. In every kind of such plant AC is necessary. If the situation is like this, take the rates applicable to the plant. Otherwise charge depreciation @ 15%.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax implications of gift to maternal uncle
- Closure of a PVT LTD company
- Real estate business by a partnership firm where both of the partners are SC/ST
- Input Tax Credit Puf panels
- ROC filings for the first year of incorporation
- Capital gains LTCG
- 26QB correction - no data available error for fully consumed/processed with default
- When I Login E-invoice portal with waybill user id and pw, it is showing 3011 error data
- PAN Migration to New AO
- TDS on Purchase of Immovable Property in case of Co Owner
- Applicability of RERA Act
- Travel Agent Charges 5 % GST without ITC. Can he raise invoice @ 18% on Service Fee for Flight Tick
- Income tax planning
- Please help with SAC Codes (6 digits) for below mentioned services provided by Chartered Accountant
- Printing Press under Composition Scheme
- 140-A Tax Wrongly Paid PAN No
- CSR funding for private limited companies
- Professional tax deduction monthly
- Cross charges verses Isd methof
- Refund Application in RFD 01 for Export without payment of tax
Trending Online Classes
-
Certification Course on GSTR-3B Reconciliation with GSTR-2B through Chat GPT
CA Deepak Gupta26 April 2025
CAclubindia
