Go Ad-Free on CAclubindia with Daily Mobile Updates. Subscribe Now!

Mandap decorator

prasad (EMPLOYEES) (315 Points)

30 October 2017

Mandap decorator can claim depreciation?
If yes
so how much rate

MATERIAL
DJ
KAPAD.

Reply
Follow
Share

2 Replies

CA Amit Kumar (Chartered Accountant) (342 Points)
Replied 30 October 2017

DJ is your asset so u can claim 15% depreciation on that.
For Mandap, I think you can put that under Furniture and Fixtures category and claim 10% on that too.

1 Like

Upgrade to CAclubindia Pro. Subscribe Now!

satish (teaching) (2046 Points)
Replied 18 December 2017

if organisation is sole proprietor, governing act is Income tax Act. As per Income tax act rate of depreciation on any equipment which is used in decorating a mandap is 15% and on furniture 10%.