Depreciation


This query is : Resolved 

(Querist)
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.

Gnanadeep (Querist)
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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