Depreciateion rates for the a.y 2011-12

This query is : Resolved 

21 April 2011

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

2.fax machine system
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% system - 60% - 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 :

× Online Coaching My Enrolled Courses
Articles Forum News Experts Exams Share Files Income Tax Accounts Career Corporate Law Service Tax Video Judgements Rewards Top Members Events Albums Find Friends Featured Feed Scorecard Bookmarks Mock Test Poll Notification Knowledge Finder Coaching Institutes Trainee Corner Jobs
close x
Download GST App    |    x