RATE OF DEPRECIATION

This query is : Resolved 
 

(Querist) 15 December 2010

Dear all

I want to know the rate of depreciation con LCD monitor & television as companies and income tax act as well as under WD method of depreciation as per comapnies act depcreciation is calculated on gross block or net block


Aditya Maheshwari (Expert) 15 December 2010

Companies act on WDV method.
LCD monitor - 40
Television - 13.91

Income tax actact
LCD monitor - 60
Television - 15



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