Provision - Accelerated depreciation

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..... Income Tax Act, 1961 . provides for the rate of depreciation i.e. 80% on Renewable Energy distribution devices.However the Central Electricity Regulatory Commission tariff determination guidilines pr .....

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..... ovides for the different tariff rates i.e. Rs. 18 -in case assessee avails normal depriciation Rs. 17 in case assessee avails the accelerated depriciation benefits of Income Tax. My querries are 1) .....

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..... whether there is any other provision under the Income Tax Act which deals with accelerated depriciation? 2)In case the rate is 80% only than what is accelerated depriciation. - Reply By DEV KUMAR KOT .....

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..... HARI - The Reply = 80% depreciation can be called as incentive rate or accellerated rate. This is applicable to all assessees who use prescribed assets for busienss. For power generating and/ or distr .....

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..... ibution companies there is also another Appendix 1A to IT Rules. It is optional on such companies to adopt rates on WDV as per Appendix 1 or on SLM basis (on cost)as per Appendix 1A to IT Rules. Pleas .....

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..... e refer again section 32 again and Rules 5(1A) and Appendix IA. In case I am missing some aspects, please discuss the same in this forum. - Provision - Accelerated depreciation - Query Started By: - .....

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..... ASHISH TIWARI Dated:- 16-1-2010 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - .....

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..... taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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