Depreciation on solar projects , Income Tax

[Dhirendra Srivastava]

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

[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.