Depreciateion rates for the a.y 2011-12

This query is : Resolved 
 

(Querist) 21 April 2011

depreciation rates for the a.y 2011-12
for following assests

1.typewriter
2.fax machine
3.computer system
4.furniture
5.motor vehicle
6.air conditioner
7. office equiptment

and also want to know if the purchase is made in the month of november and feb the dep will be charged for full year or half year


CA Navin Jain (Expert) 21 April 2011

as per income tax act

1.typewriter - 15%
2.fax machine - 15%
3.computer system - 60%
4.furniture - 10%
5.motor vehicle- 15%

6.air conditioner - 10%
7. office equiptment - 15%

if assets is used for more than 180 days than u shall claim dep. at full rate otherwise half rate



You need to be the querist or approved CAclub expert to take part in this query .


Click here to login now


Similar Resolved Queries :






close x