Depreciation u/s 32 in respect of plant and machinery.

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..... ety razor blades for ensuring that depreciation allowance in respect of machinery and plant installed in such concerns is allowed at the general rate of 7 per cent. 2. It has since been brought to the notice of the Board the machinery and plant used for manufacturing safety razor blades broadly falls in the following 3 categories:- (a) Machine tools. (b) Electrical machinery. (c) General m .....

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..... w Table special rates of depreciation have been prescribed in respect of machinery and plant specified under item III(ii) of the Table and a general rate of 10 per cent is applicable to machinery and plant (not being a ship) for which no special rate is prescribed. 4. These instructions may please be brought to the notice of all I.T. Officers in your charge. - Circular - Trade Notice - Public .....

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