What is the depreciation rate for 'Inverters' and 'Air Conditioners'?
CA Praveen Nair (Business Analyst) (99 Points)
30 July 2009What is the depreciation rate for 'Inverters' and 'Air Conditioners'?
imkdm
(Student)
(107 Points)
Replied 30 July 2009
Inverter and Air Conditioners generally belongs to "Furnitures, Fixures and Electric Installations" except under certain circumstances. Hence admissible rate is 10%.
Krutesh Patel
(ACA)
(727 Points)
Replied 30 July 2009
Ac is considered as electronic goods. So depreciation rate will be 15%
NiTiN JAiN
(TAX CONSULTANT & CA FINAL STUDENT)
(155 Points)
Replied 30 July 2009
Rate for AC & Invertor is 15 % p.a.
parag_0302
(Asstt. Commercial Officer)
(124 Points)
Replied 10 June 2011
@ kurtesh & Nitin
U r wrong dear the exact depreciation rate allowable as per income tax act 1961 are as under:-
1) Air conditioner in office - 10% under "furniture and fittings including electical fittings".
2) Inverter in office - do-
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