What is the depreciation rate for 'Inverters' and 'Air Conditioners'?
4 Replies
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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