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Depreciation on solar projects , Income Tax

Issue Id: - 1850
Dated: 5-4-2010
By:- Dhirendra Srivastava

Depreciation on solar projects


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In case of installing solar projects,government is purchasing power from producer at higher rate Rs 18 per KWH. Can somebody advise me on rate of depreciation under IT applicable. DS

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Showing Replies 1 to 1 of 1 Records

Page: 1


1 Dated: 8-4-2010
By:- Surender Gupta
For certain specified solar projection the rate of depreciation is 80%. You need to see entry no. xii1 under the block Plant and Machinery of the Annexure 1 of the Income Tax Rules, 1962.

Page: 1

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