banner_ad

Depreciation

This query is : Resolved 
Profile Image

Profile Image

(Querist)
17 September 2014 depreciation rate on apple tablet purchased with section as per companies act 1956?
Profile Image

CS,CA F,Numrologi TusharSampat

Profile Image

CS,CA F,Numrologi TusharSampat (Expert)
17 September 2014 it is 13.91% as per old companies act 1956
Profile Image

CMA. CS. Sanjay Gupta

Profile Image

CMA. CS. Sanjay Gupta (Expert)
17 September 2014 Dear Tushar its clearly mentioned as per Companies Act 1956.

In my view it should be categorized under the group Office machinery. Rate of depreciation 13.91% (WDV).

Depreciation rate as per Schedule XIV of Companies Act 1956.
Profile Image

Gnanadeep

Profile Image

Gnanadeep (Querist)
19 September 2014 weather car can be taken as plant & machinery as per income tax act?
Profile Image

CMA. CS. Sanjay Gupta

Profile Image

CMA. CS. Sanjay Gupta (Expert)
19 September 2014 Yes. Deprecitaion available @15% if used other than in business of giving motor car on hire.
Profile Image

CMA. CS. Sanjay Gupta

Profile Image

CMA. CS. Sanjay Gupta (Expert)
05 April 2015 Reply modified by Tushar (without acknowledging the mistake). Earlier Tushar has asked whether as per Companies Act 1956 or Companies Act 2013.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details