Depreciation rate as per companies act -urgent
This query is : Resolved
11 November 2011
Hi
My client is a pvt ltd Co is in service industry which has purchased a guest house for official use. While purchasing the house each and every small item present in the house was purchased by the Company which will be valued on wdv. These items also cover Household items which will be used for office welfare purpose. Can any one please guide me what will be the rate of depreciation on Cutlery sets and Curtains assumig the value of individual items are above 5000/-. Its urgent
My client is a pvt ltd Co is in service industry which has purchased a guest house for official use. While purchasing the house each and every small item present in the house was purchased by the Company which will be valued on wdv. These items also cover Household items which will be used for office welfare purpose. Can any one please guide me what will be the rate of depreciation on Cutlery sets and Curtains assumig the value of individual items are above 5000/-. Its urgent
12 November 2011
For depreciaton rates
http://taxguru.in/company-law/rates-of-depreciation-under-the-companies-act-as-mentioned-in-schedule-xiv.html
you may group this cutlery sets and curtains under office equipments and charegd the rates of depn as 13.91%
http://taxguru.in/company-law/rates-of-depreciation-under-the-companies-act-as-mentioned-in-schedule-xiv.html
you may group this cutlery sets and curtains under office equipments and charegd the rates of depn as 13.91%
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Applicability
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Application of 115BAC
- RCM - commercial rent paid to URP under GST
- Offsetting interest income against derivative trading losses
- TDS NUMBER SURRENDER
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
