Depreciation Norms for Computers and CG Changed for EOUs

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..... o.305/52/85-FTT dated the 15th April 1987 wherein the method for calculating the depreciation on 'Capital goods' permitted to be taken outside the units, was prescribed, and the over all limit of depreciation was fixed at 70%. Subsequently Board in their F.No. 314/19/94- FTT Part - VI, dated 11th April, 1997 had provided for acclerated rate of depreciation for the computers in view of their rapid .....

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..... quarter during 1st year -7% For every quarter during 2nd year - 7% For every quarter during 3rd year - 5% For every quarter during 4th year and onwards - 3% Subject to an overall limit of 90% and for capital goods other than computers, the following depreciation rate may be allowed :- For every quarter in the 1st year - 4% For every quarter in the 2nd year - 3% For every qua .....

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