Depreciation
This query is : Resolved
17 December 2014
What is the rate of depreciation of generator as per income tax act and companies act,1956.
Thanx
17 December 2014
It will treated as plant and machinery if it is used in Factory otherwise treated as office equipment.
Rate of depreciation will be 15% in all cases.
Rate of depreciation will be 15% in all cases.
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