Depreciation
This query is : Resolved
23 November 2015
What is rate of depreciation allowable to fire fighter & Safety equipment's? Whether expenditure on Fire Fighter & safety equipment's are allowable as 100% revenue expenditure or not?
Guest
Guest
(Expert)
23 November 2015
Normal RAte 15% is charged on fire fighter & Safety equipments
23 November 2015
Only 15% depreciation is allowed under general plant and machinery for the above fire fighting equipments.
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