Depreciation rate

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 July 2013 Please let me know the depreciation rate for
i) air conditioner,
ii) refrigerator
iii) trailers
as per both Income tax Act as well as Companies Act.

Rajat Poddar

Rajat Poddar (Expert)
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12 July 2013 air conditioner is 10%
refrigerator also 10 %

and for companies act rates...refer to the below mentioned link..

http://taxguru.in/company-law/rates-of-depreciation-under-the-companies-act-as-mentioned-in-schedule-xiv.html

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Querist : Anonymous

Querist : Anonymous (Querist)

15 July 2013 Dear Sir,
Should A.C. & refrigerator be included under Plant & Machinery or Under Furnitures as per Companies Act for calculating depreciation ?

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Querist : Anonymous

Querist : Anonymous (Querist)

15 July 2013 ...and thanks for your earlier reply !!!

Rajat Poddar

Rajat Poddar (Expert)
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15 July 2013 i dont think they can be included.. i m not sure.. please confirm from some one else ...if possible..

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Querist : Anonymous

Querist : Anonymous (Querist)

16 July 2013 ok sir !! thanks a lot !!!