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Rates of Depreciation

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(Querist)
20 May 2010 what is the rates of Depreciation on Air Conditioner
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Akbar Mirza

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Akbar Mirza (Expert)
20 May 2010 Air Condition is treated as Office equipment as per I.T. Act, an shall be depreciated @ of 10%.
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CMA.Palani Arumugam

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CMA.Palani Arumugam (Expert)
20 May 2010 Air conditioner will be treated as Plant & Machinery, accordingly dep. rate will be 15%
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