Query for depriciation rate of roller alumunium rolling mill
This query is : Resolved
14 August 2011
Sir,
Kindly let me know the rate of roller Depreciation used in Aluminum Rolling mill. Since the rate of Iron and steel industry is 80 % in Rolling mill rolls as per Income Tax act. But the rate of Aluminum Rolling Mills Roller is not specified in the Income tax act.
So please let me know at an earliest.
Thanking you.
Regards
Sunil Gattani
C/o.Jai Bajrangbali Aluminum Products
A.T.Road Jorhat -785001 (Assam)
Cell No : 94350-51992
Kindly let me know the rate of roller Depreciation used in Aluminum Rolling mill. Since the rate of Iron and steel industry is 80 % in Rolling mill rolls as per Income Tax act. But the rate of Aluminum Rolling Mills Roller is not specified in the Income tax act.
So please let me know at an earliest.
Thanking you.
Regards
Sunil Gattani
C/o.Jai Bajrangbali Aluminum Products
A.T.Road Jorhat -785001 (Assam)
Cell No : 94350-51992
Preety Parik
(Expert)
14 August 2011
Aluminium rolling mills falls under iron and steel industry. depreciation can be claimed @80 %.
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