Resp sir,
Depreciation rate of Some of Energy saving Plant and Machinery (Induction Furnace) is @ 80% , If we utilise benefit of additional Depreciation @ 20% than this means we have taken 100% depreciation. Is it right ? Please reply. Suresh
1 Replies
Ashwin P. Gohil
(auditor)
(231 Points)
Replied 28 September 2018
presently rate of depreciation is restricted to 40% so if you has asset put to use for more than 180days than you can take depreciation @ 40% + additional 20% and if put to use is less than 180 days or more than @ 20%+10%
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