Let me know, Depreciation rate for Microwave,AC and Referigerator used in office as per companies Act and as per Income Tax Act
4 Replies
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.
Attached File : 8 depcoact.rtf downloaded: 1171 times
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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