Depreciation rate

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 June 2015 Please tell me the rate of depreciation as per Companies Act, 2013 on the following Assets:

1. Air Conditioner
2. Shop Premises
3. Electrical Fittings
4. Furniture and Fixtures
5. Vehicles
6. Telephone Euipments
7. Neon Sign

Arpit Shah

Arpit Shah (Expert)
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15 June 2015 http://taxguru.in/company-law/rates-depreciation-companies-act-2013.html

Arpit Shah

Arpit Shah (Expert)
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15 June 2015 http://taxguru.in/company-law/rates-depreciation-companies-act-2013.html

Querist : Anonymous

Querist : Anonymous (Querist)

16 June 2015 In the above link I can't get the exact rate of depreciation.

Ankur Singhal

Ankur Singhal (Expert)
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16 June 2015 Dear there are no exact dpreciation rate you have depreciate asset on the basis of the maximum life given by the act.
Try to understand the matter stated in the link provided by Arpit Shah.