Depreciation
This query is : Resolved
ashok khandelwal
(Querist)
24 June 2008
We are engaged in manufacturing of goods. We have purchased during the year 2007-08 panesl board for electric installation. Please let me us about rate of depreciation for this itme.
Rate of Depreciation applicable of income tax purpose
Rate of Depreciation applicable of income tax purpose
CA.Aman Dugar
(Expert)
24 June 2008
Sir it is 13.91% as per Companies Act 1956
HEM CHANDRA
(Expert)
24 June 2008
Panels board is an electrical fittings. The electrical fitting can under the 4th block i.e. Furniture and fixture as per the companies Act. Therefore the rate is 18.10%
ashok khandelwal
(Querist)
24 June 2008
Please send the reply for income tax purpose.
Whether Works Contract tax applicable at MP State. We are going to consturction of Factory Building at Bhopal
Whether Works Contract tax applicable at MP State. We are going to consturction of Factory Building at Bhopal
ashok khandelwal
(Querist)
24 June 2008
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