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Depreciation as per companies act

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 October 2012 what will be rate of depreciation on Tally softwares,

what will be rate of depreciation, if we purchased 100 fans having @1000.(assest less than-5000)
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Praveen Sharma

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Praveen Sharma (Expert)
23 October 2012 Income tax Rate is 60% p.a.

Treat as revenue expenditure for Fans if the amount is not material.

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