DEPRECIATION
This query is : Open
16 July 2009
A co. which other than an event management co., if organises an event, will it be allowed to claim deduction for the prize money so distributed by it? Will it be allowed to claim other expenses for organising the same event? If so, under which proviso or section will it come?
16 July 2009
What is the rate of depreciation for UPS WITH BATTERY USED IN COMPUTER. Assesse main business was TAKING CLASSES USING COMPUTER.
16 July 2009
UPS when used as part of the computer can be depreciated at the rate used for computers. If it is used for other office purposes then it shall be regarded as general purpose equipments/office equipments @ 15% as per IT Act, 1961
16 July 2009
Yes.
It will be allowed as deduction u/s 37 provided they are incurred wholly and exclusively for the purpose of business and on commercial expediency.
It will be allowed as deduction u/s 37 provided they are incurred wholly and exclusively for the purpose of business and on commercial expediency.
17 July 2009
This will be part of your plant & Machinery. So the depreciation rate is 15%.
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
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Import license renewal
- Credit profit and loss account in case of bonus share received
- How to determine cost of acquisition of shares on De-merger or Merger
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- 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
Trending Online Classes
CAclubindia
