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Depreciation on solar projects , Income Tax |
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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
Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
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.
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