11 March 2010
If Company Purchase CCTV Camera for internal Purpose around of rs.700,000/-. Under which Ledger Head I can treat? Depreciation rate is applicable for CCTV Camera?
11 March 2010
YOU SHOULD SHOW CCTV CAMERA IN FIXED ASSETS UNDER THE HEAD OFFICE EQUIPMENT. DEP RATE AS PER COMPANIES ACT IS 13.91% & DEP AS PER INCOME TAX ACT IS 15%.