Depreciaition
This query is : Resolved
Yajuvendra Rawat
(Querist)
14 March 2012
Sirs and freinds,
What rate of depreciation should i provide to the asssets of a professional who earns income between 6 lacs to 7 lacs pa, He owns a two wheeler, a computer and a watch which is some what around 40,000/- Rs. Please let me know.
Thanks and Regards
What rate of depreciation should i provide to the asssets of a professional who earns income between 6 lacs to 7 lacs pa, He owns a two wheeler, a computer and a watch which is some what around 40,000/- Rs. Please let me know.
Thanks and Regards
Prakash Kochar
(Expert)
14 March 2012
DEPRECIATION RATE ON FIX ASSETS, USED FOR MORE THAN 180 DAYS 100% OF RATE GIVEN UNDER,IF LESS THAN 180 DAYS 50% OF RATE -
COMPUTER - 60%
TWO WHEELER - 15
WATCH - 15%
COMPUTER - 60%
TWO WHEELER - 15
WATCH - 15%
14 March 2012
I agree with the expert and accordingly you charge the depreciation on the respective assets
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