Depriciation
Abhishek dwivedi (Accounts executive) (36 Points)
04 March 2016Abhishek dwivedi (Accounts executive) (36 Points)
04 March 2016
Jacky
(Accountant & CA Final Student)
(320 Points)
Replied 04 March 2016
depreciation rate on tally if tally purchased ???? u mean Tally software purchased ??
Specify the asset whose value is below 5000
Abhishek dwivedi
(Accounts executive)
(36 Points)
Replied 05 March 2016
Yes on Tally Purchased & we have Purchased a wall clock whoose book vale is 4000
Jacky
(Accountant & CA Final Student)
(320 Points)
Replied 05 March 2016
As per income tax click on this link
https://www.incometaxindia.gov.in/charts%20%20tables/depreciation%20rates.htm
for Softwares it is 50%
for clock if u can categorise it under furniture & fittings etc then 10% otherwise if it is not capital expenditure then claim it entire in p & l A/c considering as a revenue expenditure...
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