Depreciation

This query is : Resolved

s.sreedevi (Querist)
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25 February 2016 Dear Sir/Madam,

Please provide the details of depreciation available for LED lights used in factory for industrial purpose as per income tax act.

Your early response is very useful.

with regards
S.SREEDEVI

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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25 February 2016 10% being 'electrical fittings' comes under Clause II of Part A of Appendix-1 of Income tax Rules,1962.

s.sreedevi

s.sreedevi (Querist)
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25 February 2016 Dear Sir,

That 10% is applicable for general electrical fittings.
For Enegy saving devices Depreciation is 80%. LED lights are used to save electricity as energy savers. So, I have a doubt that the depreciation of 80% is applicable for this or not.

Please clarify

with regards
S.SREEDEVI

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Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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25 February 2016 To claim 80%, two conditions are to be satisfied, viz.,
i) it should be 'plant and machinery'
ii) it should come under any of the items mentioned in clause III (8) (ix) (A) to (G) of Appendix-I
Have a 2nd thought in the light of the above observation.