Classification of fixed assets as per income tax act

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Querist : Anonymous

Querist : Anonymous (Querist)

16 June 2015 1. Please help me in classifying following fixed Assets under a particular head as per Income Tax Act. and Rate of depreciation.

a) Air conditioner
b) Batteries
C) Binding Machine
d) Camera
e) CD writer
f) Cycle
g) cooler
h) Fan
i) Geyser
j) Invert-er
k) Juicer
l) Stabilizer
m) Software
n) Server
o) Telephone (Rs. 196000)
Note:- 1) This establishment is an Educational institution and getting Govt. Grant

2) the purchase price of above assets is more than Rs. 5000

Please Reply its urgent

Hello every one please sort out my queries......
Thanks

Querist : Anonymous

Querist : Anonymous (Querist)

17 June 2015 Any one can help regarding above mentioned quires?

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Classification of fixed assets as per income tax act

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