Depreciation on following products

Computers  60%

Buildings 10% or 5%

Machinery 15%

Furniture 10%

Electrical Lights & Telephone 15%

Ac Mishion, Air Cooler 15%

Cool Water Dispecnary  15%

Moter vehical 15%

Motor car 15%

Lorry & Auto 15%

Originally posted by : Sanat kumar
	Computers  60% Buildings 10% or 5% Machinery 15% Furniture 10% Electrical Lights & Telephone 15% Ac Mishion, Air Cooler 15% Cool Water Dispecnary  15% Moter vehical 15% Motor car 15% Lorry & Auto 15%

agreed with sanat

First of all in question its not clear its required for Incometax purpose or companys act purpose as in both the acts rate of dep is different.So clearify it.

Depreciation as per IT Act is as follows :-

Computers  60%
Buildings (other than residential purpose) -10% or  Residential Purpose - 5%
Machinery 15%
Furniture 10%
Electrical Lights & Telephone 15%
Ac Mishion, Air Cooler 15%
Cool Water Dispecnary  15%
Motor vehicle 15%
Motor car 15%
Lorry & Auto 15%

Depreciation as per Co's. Act is as follows :-

Computers  40% (wdv) 16.21%(slm)
Buildings (other than residential purpose) -10% (wdv) 3.34% (slm), or  Residential Purpose - 5%(wdv) 4.63 % (slm)
Machinery 13.91%(wdv), 4.75% (slm)
Furniture 18.1%(wdv)  6.33%(slm)
Electrical Lights & Telephone 13.91%(wdv), 4.75% (slm)
Ac Mishion, Air Cooler 13.91%(wdv), 4.75% (slm)
Cool Water Dispecnary  13.91%(wdv), 4.75% (slm)
Motor vehicle 25.89% (sdv) 9.50%%(slm)
Motor car 25.89% (sdv) 9.50%%(slm)
Lorry & Auto 30% (wdv) 11.31% (slm)

Originally posted by : Vandana Mulchandani
	Depreciation as per IT Act is as follows :- Computers  60% Buildings (other than residential purpose) -10% or  Residential Purpose - 5% Machinery 15% Furniture 10% Electrical Lights & Telephone 15% Ac Mishion, Air Cooler 15% Cool Water Dispecnary  15% Motor vehicle 15% Motor car 15% Lorry & Auto 15% Depreciation as per Co's. Act is as follows :- Computers  40% (wdv) 16.21%(slm) Buildings (other than residential purpose) -10% (wdv) 3.34% (slm), or  Residential Purpose - 5%(wdv) 4.63 % (slm) Machinery 13.91%(wdv), 4.75% (slm) Furniture 18.1%(wdv)  6.33%(slm) Electrical Lights & Telephone 13.91%(wdv), 4.75% (slm) Ac Mishion, Air Cooler 13.91%(wdv), 4.75% (slm) Cool Water Dispecnary  13.91%(wdv), 4.75% (slm) Motor vehicle 25.89% (sdv) 9.50%%(slm) Motor car 25.89% (sdv) 9.50%%(slm) Lorry & Auto 30% (wdv) 11.31% (slm)

Agree with this reply......

Computers                60%

Land & Buldings       - 10% other than residencial house,,,        residencial house 5%

Mishionary               -  15%

Furniture                  - 10%

Electrical Lights & Telephone  - 10% it would amount to furniture & fittings      

Ac Mishion, Air Cooler              - 10 % it would be furniture & fitting, if it will treat as machinery as 15% 

Cool Water Dispecnary            - 15%

Moter vehical                           - 15%

Moter car                                  -15%

Lorry & Auto                               -15%

and in case of wooden structure building depreciation rate is 100 %

but Dep on Lorry is 45%