rates of depreciation

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sanjay Yadav (Querist)
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08 October 2008 can any body tell me the depreciation rates on

1) Docks and seawalls,Piers and Navigational aids.

2) Cranes and vehicles

3) Floating crafts.

4) Wharves , roads,and boundaries

5) Capital Dredging.

Any body who has ever handled an audit of a port can definetly answer this question.

CMA Jitendra Singh

CMA Jitendra Singh (Expert)
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08 October 2008 As per Companies Act or IT Act

CMA Jitendra Singh

CMA Jitendra Singh (Expert)
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08 October 2008 As per Companies Act or IT Act

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Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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08 October 2008 If it is under companies act refer schedule X1V or if it is under income tax act refer appendix to section 32.

sanjay Yadav

sanjay Yadav (Querist)
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18 October 2008 I have gone through SCH X1V and sec 32 but wasnt able to find the rates on navigatinal aids , dredging, etc

CA Bosu babu

CA Bosu babu (Expert)
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18 October 2008 see any machinery which is form part of the companies operation will come under Plant & Machinery....so if you r unable to find dat in cos Act exactly d name of the machinery....then you can take Machinery depn or higher of that....so see some machinery and take more than that rate and give enough disclosures in notes to acs....