Depreciation
Vatsal (Student) (453 Points)
24 September 2016
Whether Depreciation allowed on cctv fitted in the office as per income tax act,1961?If so than what will be the rate?
1 Replies
CA Lucky Mehta
(CA in Practice)
(60 Points)
Replied 24 September 2016
It should be depreciated in block of Plant & Machinery @ 15%p.a.
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