Depreciation of kitchen items
This query is : Resolved
shreyas rao
(Querist)
05 August 2015
hello,
i would like to know what will be the rate of depreciation in case of the items like spoons, forks, plates and other kitchen equipments?
and under which part of the depreciation schedule will it fall?
thanking you
Shreyas
i would like to know what will be the rate of depreciation in case of the items like spoons, forks, plates and other kitchen equipments?
and under which part of the depreciation schedule will it fall?
thanking you
Shreyas
05 August 2015
if these are used for hotel industry then can be considered as office equipments
Arpit Shah
(Expert)
05 August 2015
Agreed with Tushar sir..........
shreyas rao
(Querist)
05 August 2015
thanks a lot Mr. Tushar and Mr. Arpit
05 August 2015
You are welcome shreyas.......
CA Kumar Mukesh
(Expert)
05 August 2015
Dear Shreyas, you need to understand dep under incone tax can be claimed as plant at 15% only if it is used for the purpose of the business profession. For example on kitchen items of guest house dep can't be claimed.
And further under companies act dep can be claimed as office equipments..
And further under companies act dep can be claimed as office equipments..
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