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Depreciation

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(Querist)
17 December 2014 What is the rate of depreciation of generator as per income tax act and companies act,1956. Thanx
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CA Kumar Mukesh

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CA Kumar Mukesh (Expert)
17 December 2014 It will treated as plant and machinery if it is used in Factory otherwise treated as office equipment.

Rate of depreciation will be 15% in all cases.

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