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
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%
CAclubindia
