Rate of depriciation for solar power plant.

Nitil Kr. Agarwala (Persuing CS) (264 Points)

25 May 2012

Dear Experts,

What will be the rate of Depriciation for Solar Power Plant installed in India as per Income Tax Act and Companies Act?

Kindly Guide me on Urgent Basis?

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3 Replies

PRITAM JAIN, CA , CS (Practising CA CS) (398 Points)
Replied 25 May 2012

As per IT act, I guess it is 80%.

Correct me team if I am wrong....

Regards

Prateek Agarwal (Sr. Executive - Finance & Accounts) (1732 Points)
Replied 25 May 2012

I think solar plants in India enjiy an accelerated depreciation of 80%.

Nitil Kr. Agarwala (Persuing CS) (264 Points)
Replied 25 May 2012

yup u bot r rite. i also got the information. thanks both

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