Depreciaition

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Yajuvendra Rawat (Querist)
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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

Prakash Kochar

Prakash Kochar (Expert)
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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%

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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14 March 2012 I agree with the expert and accordingly you charge the depreciation on the respective assets

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