WebMar 27, 2024 · An existing MSME, with an whose plant and machinery or equipment cost Rs. 50 crores over the years and having written down value of Rs. 10 crores as per ITR filed, can invest Rs. 40 cr in new plant and machinery without losing MSME status and will be regarded as medium enterprise. WebIV Plant and Machinery (i) General rate applicable to plant and machinery not covered under special plant and machinery (a) Plant and Machinery other than continuous process plant …
Schedule II — Rate of Depreciation — The Companies Act, 2013 ...
WebJan 5, 2024 · As per Schedule II to CA 2013, Air Conditioner should be classified as Office Equipment or Plant & Machinery. If PM will it be in the useful life of 15 years category. But AC with 15 years -- is it a reasonable useful life coverage. Under old regime, depreciation rate on AC classified under PM was 13.91%. Regards, 6 Replies WebAug 20, 2015 · Earlier, which write-off up fixed capital of companies represent regulated by Schedule XXV of Companies Deed, 1956 along with Accounting Standard 6 and guidelines issu. Menu. Income Tax. Articles; Information; Judiciary; ITR; Messages; Circulars; User; Orders; Press Release; Budget. Budget 2024; Funds 2024; Budget 2024; Budget 2024; … gusk music club
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WebPlant and Machinery means apparatus, equipment, machinery, pipelines, telecommunication tower fixed to earth by foundation or structural support that are used … Web— The Companies Act, 2013 More per Schedule II along with Sectioning 123 of the Companies Act, 2013 useful lives to Compute Depreciation. ... Intangible Plant to be … WebPlant and equipment maintenance. Maintenance on plant and equipment is carried out to prevent problems arising, to put faults right, and to ensure equipment is working effectively. Maintenance may be part of a planned programme or may have to be carried out at short notice after a breakdown. gus leach winnipeg