Depreciateion rates for the a.y 2011-12
This query is : Resolved
Dipti Achhra
(Querist)
21 April 2011
depreciation rates for the a.y 2011-12
for following assests
1.typewriter
2.fax machine
3.computer system
4.furniture
5.motor vehicle
6.air conditioner
7. office equiptment
and also want to know if the purchase is made in the month of november and feb the dep will be charged for full year or half year
for following assests
1.typewriter
2.fax machine
3.computer system
4.furniture
5.motor vehicle
6.air conditioner
7. office equiptment
and also want to know if the purchase is made in the month of november and feb the dep will be charged for full year or half year
CA Navin Jain
(Expert)
21 April 2011
as per income tax act
1.typewriter - 15%
2.fax machine - 15%
3.computer system - 60%
4.furniture - 10%
5.motor vehicle- 15%
6.air conditioner - 10%
7. office equiptment - 15%
if assets is used for more than 180 days than u shall claim dep. at full rate otherwise half rate
1.typewriter - 15%
2.fax machine - 15%
3.computer system - 60%
4.furniture - 10%
5.motor vehicle- 15%
6.air conditioner - 10%
7. office equiptment - 15%
if assets is used for more than 180 days than u shall claim dep. at full rate otherwise half rate
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