Depreciation rates


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Querist : Anonymous

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Querist : Anonymous (Querist)
15 March 2013 Sir,

what are the depn rates as per IT Act, on the following assets

Invertor
Battery
Software
Printers-laser
Printer - dot matrix

15 March 2013 Printers will be treated as part of computers & depreciated @ 60%
Invertors, batteries can be treated as Plant & machinery & depreciated @ 15%
As far as softwares are concerned you need to specify the kind of software because all softwares cannot be capitalised



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