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I am working in footwear company at Himachal Pradesh. we
want to send raw material - (leather) for Job work our
other branch. now my question is that will have we any
permission taken from excise & sale tax deppt.
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Answer Posted / azim
Yes, you are write a entimation latter to sup. in excise &
goods are send in form 16 (5)a .
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The Depreciation Rate for Heavy Equipments like cranes (used in the construction of bridges, flyovers etc ... ) is 30% as per the companies act. If i buy a crane for Rs. 10 Lakh and claim depreciation the cost of the crane in the 2nd year is 7 Lakh and in the 3rd year it is 4.9 Lakh and in the 4th year it is 3.4 Lakh ...... Can i re-value the crane in the 5th year to the 2nd hand market price of Rs. 20 Lakh and claim depreciation on it @ 30% ? (Cost of crane in 6th Year now is 20 Lakh - 6 Lakh = 14 Lakh )
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