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What is the rate for plant and machinery as per income tax?
15%
Is used plant machinery as reliable as new plant machinery considering the previous owner was responsible?
Assuming the previous plant owner was responsible, and kept up with routine preventive maintenance, used machinery can function as well as new. There are limitations; for example, anything used in a slurry service will have to be rebuilt at the very least.
What assets comes under the head of plant?
Machinery, land and building are normally comes under head of plant.
What are plant systems?
fruits
What is plant assets?
Machinery is called the plant asset which is utilized to make production of units of product to earn revenue.
Where does one recycle used plant machinery?
Any metal or scrap yard locally will accept plant machinery. Some people just discard it in the garbage pile. It really is a matter of choice on the consumers part.
What are the components of plant capacity?
amount of machinery and equipment / size of factory building
Why do a ploughman's furrows need to be straight?
to plant properly for the harvesting machinery. Otherwise you will waste part of your crop as the combines wont be able to funnel it into their machinery.
What is the definition of tiny industry?
unit is treated as Tiny industry where investment in plant and machinery does not exceed Rs. 5 lakhs. unit is treated as Tiny industry where investment in plant and machinery does not exceed Rs. 25 lakhs.
What is plant fitter?
A mechanic who works on heavy plant machinery, Bulldozers, JCB's etc A plant Fitter can be an Electrical Plant Fitter, a Mechanical Plant Fitter and they are many other types of Plant Fitter, the Plant can be mobile machines such as Diggers, Caterpillar, Excavators or Stationary production or Energy Power Generators and not necessarily heavy, it can also be small machines but yes mostly to do with machinery of some kind.
Is depreciation on plant and machinery part of conversion cost?
yes. The plant is used in the manufacturing process and tehrefor it is a direcct cost d
What hazards and risks arising from the use of specified plant equipment machinery and materials?
nonr
