Depreciation
This query is : Resolved
NIDHI KARIA
(Querist)
03 August 2016
So should I charge depreciation @60% or shouldn't I?
04 August 2016
What is the nature or class of asset you are referring to?
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NIDHI KARIA
(Querist)
13 August 2016
Till now Printer is Charged @15 % instead of 60% so should I Change the depreciation in the current FY to 60% ....... If I am a Pvt Ltd Co.
14 August 2016
The existing practice of charging 15% is correct.
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14 August 2016
Data processing equipment such as computers, laptops etc. are eligible for 60% depreciation as per Income Tax Rules, 1962. (New Appendix 1 to the Rules).
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