Depreciation rate as IT act

Ataur Rehman (147 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) (58270 Points)
Replied 11 March 2023

You may use 15%

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prasad Nilugal ( GST Practitioner & Accounts ) (14803 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.) (178099 Points)
Replied 11 March 2023

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

sabyasachi mukherjee (27579 Points)
Replied 14 March 2023

Why do you want depreciation rate differentials?

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