can someone tell me whether borewell and motor pump is a part of plant and machinery
2 Replies
ANJALI NEGI
(Chartered Accountant)
(1263 Points)
Replied 27 September 2012
As they are apart of Plant and machinery and depreciation as per income tax will be charged @ 15% on both.
Mei Chi
(Finance Professional)
(21 Points)
Replied 27 September 2012
It is used for planting. There are a lot of things one could say about the country's banks. Regardless of anything else, one cannot say they are notconsistent, as they keep raising charges yearly. An annual Bankrate survey on checking accounts found ATM charges and otherbank account fees have increased again.
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