difference in Depriciation u/s 32(1)(i) and u/s 32(1)(ii)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 June 2011
What is the difference between Depriciation u/s 32(1)(i) and U/S 32(1)(ii) for the purpose of Income Tax Return-4
28 June 2011
First one is Depreciation for Tangible assets i.e Building, Furniture , Plant etc.,
Second one is Intangible assets i.e Copyrights, Patents, Trade mark etc. @ 25% fixed.
Second one is Intangible assets i.e Copyrights, Patents, Trade mark etc. @ 25% fixed.
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