Depreciation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 June 2012
please send me the rate of depreciation on machinery furniture and computer as on 1/4/2011 for partnership firm
09 June 2012
Depreciation are not with respect to Constitution of business and with respect to type of assets and usability as per Incometax Provisions. For Machinery it is 15% (other than cars and vehicles run on hire) and for computer 60%. No change in these rates.
09 June 2012
agree with surya sir, Further depreciation rate for furniture is 10%
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