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Doubt regarding depreciation as per income tax act
What is the Depreciation Rate for Lab Equipment Used in Educational Institutions as per IT Act?
Replies (1)
https://www.incometaxindia.gov.in/charts%20%20tables/depreciation%20rates.htm
there is no specific item mentioned in the table.you can check it. list of equipments are given. check it. if not found in general 15 % under Plant and machinery.
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