Renewable energy - 80% tax depreciation under income tax 1961
Sanjib Roy
(Querist) 08 January 2012
This query is : Resolved
Sir,
I am MD of GLOBAL RESOURCE CONSERVATION PRIVATE LIMITED. The company initially manufactured Solar Home Lighting System (SHLS), Solar Lanterns and Inverters for rural applications.
I want to know how can our solar power generating system is entitle for depreciation under Appendix II, Part-A, Clause XIII under the head of "Renewable Energy Devices is entitle for Depreciation @ 80% under Income Tax Act 1961."
Our customer can get it?
Kindly give me solution.
Thanks,
S.Roy
Raj Kumar Makkad
(Expert) 08 January 2012
Your query pertains to a commercial purpose so it is better to engage a CA or a tax lawyer for this purpose instead of raising this at public platform.
prabhakar singh
(Expert) 09 January 2012
we do not reply commercial queries.
Deepak Nair
(Expert) 09 January 2012
Better to seek professional advise. Being a company, you can affort to pay fees.
