Depreciation rate as IT act

Ataur Rehman (184 Points)

10 March 2023

pls tell me the depreciation rate for Tyre Changer machine and Air compressor.

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4 Replies

Eswar Reddy S (CFO- at NHTF) (58275 Points)
Replied 11 March 2023

You may use 15%

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prasad Nilugal ( GST Practitioner & Accounts ) (14868 Points)
Replied 11 March 2023

You will get all depreciation rates , in Income Tax rules 1962 ( in Forms section ) . refer rule book amended till date.

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (185339 Points)
Replied 11 March 2023

As per income tax act it will fall under plant and machinery having depreciation rate of 40%.

sabyasachi mukherjee (27719 Points)
Replied 14 March 2023

Why do you want depreciation rate differentials?

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