Depreciation
This query is : Resolved
17 September 2014
depreciation rate on apple tablet purchased with section as per companies act 1956?
17 September 2014
it is 13.91% as per old companies act 1956
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.
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.
19 September 2014
weather car can be taken as plant & machinery as per income tax act?
19 September 2014
Yes. Deprecitaion available @15% if used other than in business of giving motor car on hire.
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.
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