Depreciation on fixed food stalls/kiosks/mobile food vans?

Tax queries 769 views 2 replies

As per Income Tax Act,

What is the depreciation rate on Fixed Food Stalls/Food Kiosks/Mobile Food Stalls/Mobile Food Counters at Shopping Malls etc???

Replies (2)

depericiation rates for plant and machnery -15% 

furniture  - 10%

computer - 60% 

motor vichicle - 15%

building - (residential ) - 5%

building - (non residential ) - 10%

 

 

Which category does it fall into??


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