Difference between Plant & Machinery & Electrical Installation

[Neeraj Agarwala]

What is the basic difference between Plant & Machinery & Electrical Installation , Can Electrical Installation can be considered as the part of Plant & Machinery.

AI Summary

Electrical Installations Classified as Part of Plant & Machinery for Depreciation Under Indian Income Tax Act The discussion addresses the distinction between 'Plant & Machinery' and 'Electrical Installation' in the context of Indian tax law. A participant inquires whether electrical installations can be considered part of plant and machinery. The response clarifies that under the Income Tax Act, electrical equipment is included under various sub-groups of plant and machinery for depreciation purposes. If not specifically mentioned, such electrical installations are generally considered part of plant and machinery and are subject to depreciation.