Depreciation

This query is : Resolved

S.RAVICHANDRAN (Querist)
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11 September 2007 Is there is any separate block of assets depreciation for the assets being eligible for Technological Upgradation Scheme subsidy ? If so, what is the rate of depreciation for TUF subsidy eligible assets ?

R.V.RAO

R.V.RAO (Expert)
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12 September 2007 yes. block 9 of the dep. blocks refer to 50% depreciation for machinery and plant used in weaving.,processing, and garment sector of textile industrypurchased under TUFS during APR 1 2001 AND 31 st MARCH 2004 and put to use upto march 31. 2004
C.A.R.V.RAO

S.RAVICHANDRAN

S.RAVICHANDRAN (Querist)
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12 September 2007 Thank you for the clarification. Shall I take that the plant and machinery purchased under TUF scheme after 31.03.2004 are not eligible for the higher rate of depreciation ( 50%)?

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