Depreciation
This query is : Resolved
29 August 2009
Please tell me at what rate depreciation will be applicable on office equipment like air conditioners, fridge etc under Income tax Act?
29 August 2009
@15% as per income tax act
29 August 2009
I agree with it but it is not specifically given & arguement is that by default u cant take everything under 15% block. And plant & machinery is defined as only those things which r used in factory plant. Pl put forward ur view
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