Easy Office
LCI Learning

Depreciaition

This query is : Resolved 
Profile Image

Profile Image

(Querist)
14 March 2012 Sirs and freinds,

What rate of depreciation should i provide to the asssets of a professional who earns income between 6 lacs to 7 lacs pa, He owns a two wheeler, a computer and a watch which is some what around 40,000/- Rs. Please let me know.

Thanks and Regards
Profile Image

Prakash Kochar

Profile Image

Prakash Kochar (Expert)
14 March 2012 DEPRECIATION RATE ON FIX ASSETS, USED FOR MORE THAN 180 DAYS 100% OF RATE GIVEN UNDER,IF LESS THAN 180 DAYS 50% OF RATE -

COMPUTER - 60%
TWO WHEELER - 15
WATCH - 15%
Profile Image

C A S.S.Agarwal, M.Com.,LL.B,

Profile Image

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
14 March 2012 I agree with the expert and accordingly you charge the depreciation on the respective assets
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link




Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links