Depriciation on Invertor battery
saurabh gupta (72 Points)
07 January 2021
sir, what rate of depriciation charge on invertor battery.
3 Replies
Kapadia Pravin
(17259 Points)
Replied 07 January 2021
Batteries used with UPS and forming system for power back up qualifies for depreciation at 60%
Krishna Chaudhary
(Accountant)
(4531 Points)
Replied 08 January 2021
For Machinery, General Rate of Depreciation is 15%. In addition, 20% Depreciation will be available in the first year for Industrial Undertaking and Power Generation Distribution business. However, if assets used for less than 180 days, then ½ of 35%(15%Normal Dep +20% Additional Dep) will be available.
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