rate of depreciation
This query is : Resolved
12 May 2010
What is the rate of depreciation on plant and machinery for the first year and the consecutive years
14 May 2010
1)When Plant & Machinery is newly installed. then regular depreciation rate shall be 15% and additional depreciation shall be allow @ 20% for the first year if it is used for more than 180 days.
2)For consecutive years the rate shall be 15%.
2)For consecutive years the rate shall be 15%.
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23 May 2010
Hi,
It is to be noted that to claim the additional depreciation in the first year, the unit should be a manufacturing unit.
REGARDS,
C.A.NISHIT DOSHI
It is to be noted that to claim the additional depreciation in the first year, the unit should be a manufacturing unit.
REGARDS,
C.A.NISHIT DOSHI
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