Dep on office equipment ?
This query is : Resolved
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 ?
Is it will be considered as Plant & Machinery for both ?
21 July 2011
15%
office equipment are distinguished from plant and machinery, as plant and machinery is used for production of business items
office equipment are distinguished from plant and machinery, as plant and machinery is used for production of business items
21 July 2011
Yes.
Company's Act 13.91
IT Act 15%
Company's Act 13.91
IT Act 15%
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