Rate of Depreciation for Air conditioners.
Sivatharsan Sivakumaran (11 Points)
02 November 2020
Is the rate of depreciation for A/c is 40%
3 Replies
Sanjiv Rajpoot
(3430 Points)
Replied 02 November 2020
No rate 15% and show block in plant and machinery
JATINDER KUMAR
(Accountant)
(3662 Points)
Replied 02 November 2020
15% on Air Conditioner under IT act
ayusmita
(Tax consultant)
(5885 Points)
Replied 03 November 2020
If it use in office then as in office equipment it will be 10%
but if it is for production propose then as in plant and machinery it will be 15%
but if it is for production propose then as in plant and machinery it will be 15%
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