Upto 40% accelerated depreciation in the 1st year of commissioning as tax benefit in the case of businesses. Our one consumer, Mr. Appu, asked, "I have spent Rs 1,33,639 for installing a rooftop solar panel." "How much income tax reduction will I get this year?" Here, you need to confirm, He has spent this amount for business or individual. If business, then he can get 20% depreciation in this year, and 40% from the next year.
How to Get Solar Tax Benefit?
You need to discuss your CA; he will review your "Tax Audit Report" and advise you of the amount you receive.
Q: What is the depreciation rate for solar panels in businesses?
A: Business owners installing rooftop solar can claim up to 40% depreciation annually. If installed between April and October, 40% depreciation is available in the first year. For installations between November and March, 20% is available initially, followed by 40% in subsequent years, up to 15 years.
4 comments
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Asheesh chaudhary ghuraiya
हमको सूर्य प्लांट लगवाना है कितनी पर्सेंट छूट मिलेगी कितनी पर्सेंट छूट है
Asheesh chaudhary ghuraiya
Hamko Surya plant lagvana hai kitni percent choot milegi
Lalit Kishore Trivedi
I want to detleod