What is the rate of depreciation of aircondition as per incometax act as on 2004-05?

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2026-08-07 14:05

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As of the financial year 2004-05, the Income Tax Act in India allowed for a depreciation rate of 15% on air conditioning equipment under the category of plant and machinery. This rate is applicable for calculating depreciation for tax purposes, helping businesses reduce their taxable income by accounting for the wear and tear of their air conditioning assets.

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