Fixed assets

This query is : Resolved

vinay (Querist)
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16 January 2016 Dear Sir,

A company shown their some AC(Air Conditioner) under Office & Equipement & some AC under Electric Installation. Is this right please clear it.

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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16 January 2016 AIR CONDITIONER PURCHASE EITHER THEY CAN GROUP UNDER Electrical Installations and Equipment . RATE OF DEPRECIATION VARY IN COMPANIES ACT 2016, BUT INCOME TAX YOU CAN CLAIM 15%

vinay

vinay (Querist)
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16 January 2016 I mean to say that a company shown their ac under Ele&Ins , & some under Off&Equ.

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KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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16 January 2016 THEY HAVE TO GROUP UNDER ONE HEAD DEPRECIATION VARY IN COMPANIES ACT 2013

vinay

vinay (Querist)
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16 January 2016 there will be any difference in head if it has been installed in factory premises?

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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