In This case, printer purchased has booked under head Fixed assets- Printer and depreciated charged @13.91% as per companies act and UPS/battery under Fixed assets-Computer and dep. @40%
I need assistance on whether the company can do so... or is there any contradiction exists with the Indian accounting Provisions.
26 February 2013
Thank you so much Parul for your feed back....
Can you also provide me any case law reference or any written provisions related to this so i able to acknowledge the same......i am waiting for your response...