Hi friends,
Pls let me know what's the depreciation rate for Generator under income tax Act and Companies Act
Sandeepraj (CA Student) (64 Points)
11 February 2009Hi friends,
Pls let me know what's the depreciation rate for Generator under income tax Act and Companies Act
CA CS CIMA Prakash Somani
(Landmark Group)
(23502 Points)
Replied 11 February 2009
It should be come under plant and machinary so rate @ 15% would be applicable.
CA CS CIMA Prakash Somani
(Landmark Group)
(23502 Points)
Replied 11 February 2009
The company act rates would be 13.91 as per WDV and 4.75 as per SLM (For single shift)
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