Depreciation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 April 2012
what is the rate of depreciation below assets f.y.11-12,a.y12-13
1)plant& machinary
2)calibration Equipments
3)car
4)computers&accessories
5)furnitur& fixture
1)plant& machinary
2)calibration Equipments
3)car
4)computers&accessories
5)furnitur& fixture
CA CS Amit S. Kedia
(Expert)
17 April 2012
As per Income tax-
1. 15%
2. 15%
3. 15%
4. 60%
5. 10%
1. 15%
2. 15%
3. 15%
4. 60%
5. 10%
CA CS Amit S. Kedia
(Expert)
17 April 2012
As per Companies Act, if WDV is followed, the maximum rates are-
1. 13.91%
2. 13.91%
3. 25.89%
4. 40.00%
5. 18.10%
1. 13.91%
2. 13.91%
3. 25.89%
4. 40.00%
5. 18.10%
CA PRAVEEN SINGH
(Expert)
17 April 2012
YES AGREE WITH ABOVE EXPERT.
prateek aanchalia
(Expert)
17 April 2012
agree with above reply..
but in the case of company depreciation rate are disclosed in there depreciation clause under MOA/AOA. so that rate are applicable for company accounting purpose. but for income tax return filing rate of dep. are applicable above given income tax rate.
in company SLM/WDV both method are used for dep. purpose.
any other assessee dep. charged on the basis of IT basis.
but in the case of company depreciation rate are disclosed in there depreciation clause under MOA/AOA. so that rate are applicable for company accounting purpose. but for income tax return filing rate of dep. are applicable above given income tax rate.
in company SLM/WDV both method are used for dep. purpose.
any other assessee dep. charged on the basis of IT basis.
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