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Income Tax - Highlights / Catch Notes

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Depreciation on life saving equipment - @15% OR 40% - list of ...


Depreciation Rate for Life-Saving Medical Equipment Set at 40%, Limited to Items in Appendix; Others at 15.

August 5, 2019

Case Laws     Income Tax     AT

Depreciation on life saving equipment - @15% OR 40% - list of life saving medical equipments has been given in this Appendix on which deprecation at the rate of 40% is permissible - it is not to be granted on each and every machinery installed at the hospital - depreciation on other machines will be restricted to 15% only

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