We have purchase a Set Top Box to our employees. I have question for Can Set Top Box is book as a fixed asstes or not? if yes can you mention depriciation rate as per companies act and income tax act?
We have purchase a Set Top Box to our employees. I have question for Can Set Top Box is book as a fixed asstes or not? if yes can you mention depriciation rate as per companies act and income tax act?
you should treat it as an expenditure.... but if the set-top box is provided temporarily and it is recoverable on termination of employent with your firm, it may be treated as a Fixed Asset...the rate of depriciation being 15%...
T R SOOD & CO
New Delhi
CA Inter
View Details
CAclubindia
