Let me know, Depreciation rate for Microwave,AC and Referigerator used in office as per companies Act and as per Income Tax Act
Pranjal
(Article)
(52 Points)
Replied 04 December 2009
As per Income Tax Act depriciation Rate is 15% for all above assets and as per companies act i attached file hare please reffer it.
Bye.
Ajeej Hussain
(Audit Executive)
(189 Points)
Replied 04 December 2009
Descripttion Co. Act IT Act
A/c 13.91(wdv) 4.75(slm) 15
Refrigerator ---do--- ---do---
Microwave ---do--- ---do---
Note : General rate is applicable as if it is applicable to Plant and Machinery
Ajeej Hussain
(Audit Executive)
(189 Points)
Replied 04 December 2009
@ above
that was a good collection
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