banner_ad

Depreciation

This query is : Resolved 
Profile Image

Profile Image

(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
Profile Image

CA.Aman Dugar

Profile Image

CA.Aman Dugar (Expert)
24 June 2008 Sir it is 13.91% as per Companies Act 1956
Profile Image

HEM CHANDRA

Profile Image

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%
Profile Image

ashok khandelwal

Profile Image

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
Profile Image

ashok khandelwal

Profile Image

ashok khandelwal (Querist)
24 June 2008 I am waiting
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details