Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Is there a special depreciation allowance for using the ELCONN’s System ?

April 26, 2017allowance depreciation elconn special system

0

Posted

Is there a special depreciation allowance for using the ELCONN’s System ?

1 Answer

0

Posted

Ans:-Yes, 80% depreciation in the first year itself U/s 32 of Income Tax Act -1962. Users are given allowances to encourage the purchase of Energy Saving Devices because the Country is power generation Company will have improved power quality and additional availability of power released to the other areas/cities.