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Depracation rate

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 July 2012

Our company Purchase New laptop after 15-12-2011 how many Dep to calculate on Laptop please Explain
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
16 July 2012 As per Company Act 40% on days basis.
As per Income Tax Act rate 60% depreciation available 1/2 of 60% i.e., 30%
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CA ARIHANT JAIN

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CA ARIHANT JAIN (Expert)
16 July 2012 agree with mr. sanjay.
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