firdausj 5
(2 Points)
Replied 09 December 2021
Hey Mr. Yasaswi,
As per your calculation then this calculator is wrong. TaxAdda Depreciation Calculator As Per Income Tax Act
All CAs in India take dep. as expense, hence, deducting the 5% or whatever applicable rate directly like an expense. Am I correct?
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 09 December 2021
Hi Mr. Firdausj
I used 100, purchase date as 1 Jan, dep rate as 10% and it took 5% and calculated accordingly. It is giving depreciation amount properly for 180 days.
Amit Bajpayee
(22 Points)
Replied 24 May 2024
The depreciation rate for a solar power plant depends on the chosen method and applicable local regulations. Accelerated depreciation methods like MACRS can offer significant tax benefits by allowing higher deductions in the initial years, thus improving the project's cash flow. Consulting with a financial advisor or tax professional is advisable to determine the best approach for your specific situation.
CAclubindia
