Prabeer (B. COM (H) CA & CS Final) (5484 Points)
09 February 2011What are the Income Tax and Depreciation benefits a company can get by Investing in Solar Energy Projects..??
AND
What are the benefits available to the company purchasing or spending for utilizing solar energy...??
CA PARAS BAFNA
(Practising CA )
(33428 Points)
Replied 09 February 2011
By putting in use the renewed energy devices the company can get enhanced depreciation @ 80%.
Prabeer
(B. COM (H) CA & CS Final)
(5484 Points)
Replied 15 February 2011
Sir,
Please provide me the source data..!
CA PARAS BAFNA
(Practising CA )
(33428 Points)
Replied 15 February 2011
You can refer Table of Rate of Depreciation Rates,
APPENDIX I
(WHICH HAS BEEN PRESCRIBED UNDER RULE 5 , OF THE INCOME TAX RULES, 1962
This is generally given in any Ready Reckoner of Income Tax.
devendra pali
(service)
(25 Points)
Replied 07 July 2011
Is the Solar Energy Producer required to pay Minimum Alternate Tax?
CA Ashwani Kumar Gupta
(Partner)
(23 Points)
Replied 14 December 2012
Is the additional 20% depreciation on new plant and machinery available for solar project?
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