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TMI BlogProvision - Accelerated depreciationX X X X Extracts X X X X X X X X Extracts X X X X ..... Provision - Accelerated depreciation X X X X Extracts X X X X X X X X Extracts X X X X ..... des for the rate of depreciation i.e. 80% on Renewable Energy distribution devices.However the Central Electricity Regulatory Commission tariff determination guidilines provides for the different tari ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ff rates i.e. Rs. 18 -in case assessee avails normal depriciation & Rs. 17 in case assessee avails the accelerated depriciation benefits of Income Tax. My querries are 1) whether there is any other pr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ovision under the Income Tax Act which deals with accelerated depriciation? 2)In case the rate is 80% only than what is accelerated depriciation. Reply By DEV KUMAR KOTHARI: The Reply: 80% depreciati ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on can be called as incentive rate or accellerated rate. This is applicable to all assessees who use prescribed assets for busienss. For power generating and/ or distribution companies there is also a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nother Appendix 1A to IT Rules. It is optional on such companies to adopt rates on WDV as per Appendix 1 or on SLM basis (on cost)as per Appendix 1A to IT Rules. Please refer again section 32 again an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d Rules 5(1A) and Appendix IA. In case I am missing some aspects, please discuss the same in this forum. X X X X Extracts X X X X X X X X Extracts X X X X
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