Depreciation rates on zerox & fax machines

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Querist : Anonymous

Querist : Anonymous (Querist)

03 August 2012 How many % of Depreciation charged on Zerox &
Fax machines as per Income Tax Act 1961.

CA Rahul Gupta

CA Rahul Gupta (Expert)
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03 August 2012 It falls under the category of Plant and Machinery so 15% as per the Income Tax Act shall be charged in your case.

Narasimha

Narasimha (Expert)
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03 August 2012 Dear sir

Could u please explain depreciation charges on various categories as per Income tax as well as company tax

Thanks & Regards

CA Rahul Gupta

CA Rahul Gupta (Expert)
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03 August 2012 Depreciation as per Income Tax Act. http://www.justetax.com/453/income-tax-india/depreciation-rates-fy-2011-12/

Depreciation as per Companies Act.
http://www.charteredclub.com/rate-of-depreciation/

You can find Depreciation rate above provided Link

Deepanshu Agg.

Deepanshu Agg. (Expert)
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21 September 2012 15% as per income tax act