Can any one help me with depreciation rates for the following items
1)Equipments and Machines
2)Decorations(paint,carpeting etc)
3)Furniture and fixtures
4)Computers
Menu
Depreciation rates
Replies (2)
Depreciation Rate as per Income Tax Act
1. Equipments and Machines @ 40%
2. Decorations(paint,carpeting etc) - It should be booked as expenses.
3. Furniture & Fittings @ 10%
4. Computers @ 40%
Ok sir, thank you so much
Recent Threads
- TAX ON SALE OF COMPANY'S SHARES
- Refund on Hold - Section 245
- CLARITY REGARDING ESIC WAGE CALCULATION AFTER NEW
- GST Rule 14A for Export of Service with Hypothetic
- GST ON QUERY
- Initimation on AIS
- GST on sponsorship from foreign body corporate
- Revised Income tax return karna padega kya
- Registration as deductor on traces site
- Rental Income from a Joint Holding property
Related Threads
CAclubindia
