Vinay Pisupati (Chartered Accountant) (110 Points)
29 June 2013Company is using invertors in its office. Under which head will it appear, Office Equipments, Plant & Machinery or Furniture & fixture? What is the rate of depreciation of the invetors & batteries as the Income Tax Act?
Devendra
(Chartered Accountant)
(4775 Points)
Replied 29 June 2013
Inverter depreciation rate 15%
Batteries can be debited to profit and loss a/c.
vikas
(student )
(139 Points)
Replied 29 June 2013
as per income tax act Depriciation allowed on invertors and battery @ 15 % becoz invetors and bettery treated as plant and machinery .
Sai Satish
(Final )
(128 Points)
Replied 02 February 2017
Is It Depreciated Under SLM Or WDV Method.
Please Replay ASAP.
Ritik Chopra
(student)
(8123 Points)
Replied 10 February 2021
As per Income Tax Act, it will be depreciated using WDV method
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