Depreciation rates adjusted for specified machinery and plant entries under Income tax rules, increasing statutory allowance for those assets. The notification amends Appendix I, Part A (Tangible Assets), III. Machinery and Plant, sub item (3) by substituting the figures in column 2 for entries (viii), (ix) and (x), thereby altering the numerical schedule entries applicable to those machinery and plant classifications.
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Depreciation rates adjusted for specified machinery and plant entries under Income tax rules, increasing statutory allowance for those assets.
The notification amends Appendix I, Part A (Tangible Assets), III. Machinery and Plant, sub item (3) by substituting the figures in column 2 for entries (viii), (ix) and (x), thereby altering the numerical schedule entries applicable to those machinery and plant classifications.
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