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Dep on office equipment ?

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(Querist)
21 July 2011 What is the rate of Dep on office equipment both as per IT & Co. Act?
Is it will be considered as Plant & Machinery for both ?
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U S Sharma

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U S Sharma (Expert)
21 July 2011 15%

office equipment are distinguished from plant and machinery, as plant and machinery is used for production of business items
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
21 July 2011 Yes.
Company's Act 13.91
IT Act 15%
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