depreciation

[Guest]

without offering income can deprecaition allowable on wind mill or not

[CA Rachit Agarwal]

It appears that your are claiming exmeption of income from wind mill u/s 80IA. Exemtion has been give for the income which is arived after deduction of expenditure and expenditure includes depreciations.

Hence seperate allowance would not be allowed.

[tarsem gupta]

No.

AI Summary

Depreciation allowance on wind power: not separately claimable where exemption applies after deduction of expenditure. If exemption is claimed under section 80IA, exemption is computed after deducting allowable expenditures, which include depreciation, and a separate depreciation allowance is not permitted.