Depreciation rate for attendacne punch machine

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Accounts exe

455 Points Joined April 2012

Dear All,

What is the depreciation rate for attendacne punch machine as per income tax & Company act.

Thanks to all

Replies (2)

682 Points Joined April 2012

Dear Nisha,

Attendance Punch Machine can be considered under Office Equipment .

and so u can refer Schedule 14 for the Same, for Companies Act Dep under SLM / /WDV as the case may be.

And under the Income Tax Act u can take 15% (WDV)

Regards

Ankit

Queen

1933 Points Joined September 2009

Originally posted by : ANKIT PANDYA
	Dear Nisha, Attendance Punch Machine can be considered under Office Equipment . and so u can refer Schedule 14 for the Same, for Companies Act Dep under SLM / /WDV as the case may be. And under the Income Tax Act u can take 15% (WDV) Regards Ankit