Depreciation
This query is : Resolved
29 August 2009
Please tell me at what rate depreciation will be applicable on office equipment like air conditioners, fridge etc under Income tax Act?
VISHAL KUMAR SHAW
(Expert)
29 August 2009
@15% as per income tax act
29 August 2009
I agree with it but it is not specifically given & arguement is that by default u cant take everything under 15% block. And plant & machinery is defined as only those things which r used in factory plant. Pl put forward ur view
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