Question

What are the circumstances where normal rate of depreciation on machine can be increased from 15% to 40%? ​

Answer 1

Answer:

From Assessment year 2013-14, this additional depreciation has also been made permissible for those assessees who are involved in the professions related to the generation of power or the generation and distribution of power. Again from the Assessment year 2017-18, this additional depreciation has also been allowed for those assesses involved in the profession of transmission of power.

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