Depreciation On Solar Panels In India

It is mandatory for all large housing societies in west bengal having a total contract demand of more than 500 kw to install solar rooftop systems to meet a.

Depreciation on solar panels in india.

Government owned webel was one of the first manufacturers of solar energy panels in the country. The normal depreciation rate for any general plant and machinery is 15. K solar photovoltaic modules and panels for water pumping and other applications. 40 l windmills and any specially designed devices which run on wind mills installed on or before march 31 2012 m any special devices including electric generators and pumps running on wind energy installed on or before march 31 2012.

Scenario uptil 31 st march 2017. Solar power is being promoted in corporates and private sector by govt of india through tax relief by allowing them to avail higher rate of depreciation more often termed as accelerated depreciation ad benefit under section 32 of income tax act. To promote the use of solar power in the commercial and industrial sectors the government of india offers accelerated depreciation of fixed assets equated with the solar power plant the current rate of acceleration is 40 that can be claimed in one year. Solar panel subsidy in west bengal west bengal is a pioneer in solar technology in india.