Dep rate on computers and books foray 2017-18
This query is : Open
07 October 2017
Pls tell wht is the highest rate of dep for assessment year 2017-18 for block of assests. For computers and books
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Ashiwini Ballodia
(Expert)
07 October 2017
AY 17-18 i.e FY 16-17
depreciation rate on computer is 60% as per IT Act
Ashiwini Ballodia
(Expert)
07 October 2017
If the assessee is professional than depreciation rate on books is 60%
Annual Publication Books 100%
For Library 100%
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CA Rashmi Gandhi
(Expert)
08 October 2017
Agreed with Ashwini Ballodia.
Rate changed from A.Y. 2018-19.
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