Depreciation rates
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 September 2012
Depreciation rates of following:
1.Fire Extinguisher
2.Filter
3.Air Compressor
4.Heater
5.Rectifier
6.Temparature Indicator
7.Turbine Blower
8.Weighing scale
1.Fire Extinguisher
2.Filter
3.Air Compressor
4.Heater
5.Rectifier
6.Temparature Indicator
7.Turbine Blower
8.Weighing scale
21 September 2012
As per income Tax Act, depriciation rates is 15% ( i.e under plant & machinery block)
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 September 2012
Will all this assent fall under palnt and machinery block
22 September 2012
Yes Plant & machinery is the only block where these assets could be classified
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