Depreciation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 August 2013
Respected Sir,
I want to know, as per income tax act can we take depreciation of speakers, Generators, electronic machines for proprietary business.
If yes which Rate we need to consider.
I want to know, as per income tax act can we take depreciation of speakers, Generators, electronic machines for proprietary business.
If yes which Rate we need to consider.
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 August 2013
can you help?
24 August 2013
Yes you can take depreciation under Income tax Act, 1961.
Rate 15% as applicable to Plant & Machinery
Rate 15% as applicable to Plant & Machinery
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