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Depreciation rate for borewell

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24 September 2014 Hi,

Can any one tell me depreciation rate for Borewell as per IT act,1961?

Borewell is in a vacant land,proposed to build factory for business.

28 September 2014 Eligible for Depreciation under 10% Block of Building. "Buildings" include roads, bridges, culverts, wells and tubewells.

Refer below link for rates--

http://www.vohraandsehgal.com/utilities/depreciation.htm#note4



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