3 Replies
Siddharth Goel
(Chartered Accountant)
(3031 Points)
Replied 04 June 2018
Hi,
Assuing that you are asking the rates of Depreciation for Individual and HUF, then it has been clarified that the Actual rates as per Companies Act, 2013 are to be used for Audit purposes.
Whereas, the rate of Depreciation is restricted to a maximum of 40%, for calculating depreciation as per Income Tax Act, 1961 for tax calculation purposes.
Do let me know, in case there is a detailed question regarding this.
Siddharth Goel
(Chartered Accountant)
(3031 Points)
Replied 04 June 2018
As per Companies Act, 2013
| (XII) Computers and data processing units [NESD] | Useful Life | Rate (SLM) | Rate (WDV) |
| (a) Servers and networks | 6 | 15.83% | 39.30% |
| (b) End user devices, such as, desktops, laptops, etc. | 3 | 31.67% | 63.16% |
As per Income Tax Act, 1961, Rate @ 40%.
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