Depreciation on Air conditioner
This query is : Resolved
20 August 2024
Can anyone please tell me in which block air conditioner falls as per companies act? Is it electrical installation and fitting, office equipment or plant and machinery?
Also schedule II is not very detailed, as to which asset will form part of which group?
Nothing as such in detail is mentioned in guidance note too. So on what premise we should decide on such assets where multiple classification generally seem possible.
Also schedule II is not very detailed, as to which asset will form part of which group?
Nothing as such in detail is mentioned in guidance note too. So on what premise we should decide on such assets where multiple classification generally seem possible.
20 August 2024
https://www.caclubindia.com/forum/depreciation-on-air-conditioner-326959.asp
20 August 2024
Even here we have divided opinion, how to reach a conclusive point? Any guidance note or application guide which can be referred?
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