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Depresiation %

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(Querist)
25 May 2012 can a p'ship firm charge depresiation of AC more than 10%
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
25 May 2012 I think air conditioner falls under plant & machinery category as per Income Tax rules and hence should be depreciated @ 15%

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