DEPRECIATION RATE FOR SOLAR ROOFTOP SYSTEM FOR RESIDENTIAL BLDG. ASSOCIATION

harshit (acc) (34 Points)

18 June 2022

what are the rate of depreciation on solar rooftop system for residential association??

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CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 18 June 2022

40% depreciation

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harshit (acc) (34 Points)
Replied 19 June 2022

40% even also for resi. bldg. association or 40% only for business?? pls confirm

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 19 June 2022

Both case rate is 40%

Amit Bajpayee (22 Points)
Replied 06 May 2024

40%, You can get an additional depreciation of 20% on the total capex incurred.

https://agnisolar.com/

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