Depreciation Rates for restaurant equipments as per Companies Act under SLM
Sree Vidya (student) (128 Points)
08 January 2019Sree Vidya (student) (128 Points)
08 January 2019
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 08 January 2019
Under companies act there is no rate specified infact they give the life of the asset and the life of furniture used for business purpose is 8 years i.e 11.88% on SLM basis