Rate of dep as per income tax act

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Querist : Anonymous

Querist : Anonymous (Querist)

14 January 2015 What's the rate of depreciation as per Income Tax Act on Climatic Test Chamber which is being used at a scientific research lab ?

Rupesh Jain (Expert)
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14 January 2015 you can claim as plant & machinery @ 15%.

if your are doing research then 100% exp in the same year

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