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Sec.32 income tax act 1964&depreciaton tax rate schedule? |
Sec.32 income tax act 1964&depreciaton tax rate schedule? Building 1.Buildings which are used mainly for residential purposes except hotels and boarding houses5 2.Buildings other than those used mainly for residential purposes and not covered by sub-items (1) above and 10 (3) below 3. Buildings acquired on or after the 1st day of September, 2002 for installing machinery and plant forming part of water supply project or water treatment system and which is put to use for the purpose of business of providing infrastructure facilities under clause (i) of sub-100 section (4) of section 80-IA 4. Purely temporary erections such as wooden structures100 Furniture and fittings including electrical fittings10 Machinery and plant other than those covered by sub- items (2), (3) and (8) below 2. Motor cars, other than those used in a business of running them on hire, acquiredor put to use on or after the 1st day of April, 199015 Source(s): To know more visit on www.indiacorporateadvisor.com Mail us at goindiainsurance@gmail.com for all your personal and corporate tax queries. Thanks |
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