Depreciation rate
Ankit Agarwal (student) (73 Points)
25 March 2020
What is the rate for electrical panel board in office?
4 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 25 March 2020
Depreciation rate @ 10% for electrical fittings used in office...
Tax Jankari
(manager)
(36 Points)
Replied 27 March 2020
depreciation meaning in hindi - If you do a business or profession, then the best way for you to save income tax is to claim the expense of depreciation. Although the cost of depreciation is not the amount you spend in cash, you are still exempted from it.
But, many people are not completely clear regarding the exemptions received in the Income Tax Act of depreciation. So either they are unable to claim it or they make a wrong claim.
Spurto Consultancy Services
(Consultant)
(1891 Points)
Replied 27 March 2020
Under the income tax act, Rate of Depreciation is 10% for Furniture and fittings including electrical fittings
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