Govt. Updates

/Govt. Updates

Accelerated Depreciation Tax Benefit For Commercial Units

Is this right time for the  industrial and commercial units to invest on Rooftop Solar power units?   Ministry of New and Renewable Energy (MNRE ) has set a target to install 227 Gigawatt by 31 March 2022. Government of India offered tax incentives of accelerated depreciation of fixed assets equated with the solar power plant to promote green energy generation.   As per the 2018–19 union budget, Industrial and commercial establishments can avail 40% accelerated depreciation benefits. comparing to 80% in the previous year. Corporates

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