1. As per your query, the rate of deprecication under Income Tax Act, is 60%.
Yes, it is 60% in IT and 40% in Co Law.
hello sanjiv can you please mail me the Dep chart as per the companies act, and income tax act to my id, rahul_singhal_22 @ yahoo.com
15% if purchased after the comp
60% if purchased with comp
this information is not valid, their is no provsion in income tax for such condition. So, on printer the rate of depreciation will be 60 % if it was bought before six month.........
It is 15% whether purchases with or without computer.
I agree with dharmaraju
Depreciation on printers are chargeable @ 60%. reference can be made to decisions of Kolkata and Delhi Tribunal in 98 ITD 119 (Kol) and 30 SOT 284 (Del) respectively
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