Doubt regarding depreciation as per income tax act
Priyanka.S (Articled Student) (168 Points)
09 March 2017Priyanka.S (Articled Student) (168 Points)
09 March 2017
CA Karan Sathe
(CA )
(564 Points)
Replied 09 March 2017
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.