Depreciation of kitchen items

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shreyas rao (Querist)
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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

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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05 August 2015 if these are used for hotel industry then can be considered as office equipments

Arpit Shah

Arpit Shah (Expert)
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05 August 2015 Agreed with Tushar sir..........

shreyas rao

shreyas rao (Querist)
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05 August 2015 thanks a lot Mr. Tushar and Mr. Arpit

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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05 August 2015 You are welcome shreyas.......

CA Kumar Mukesh

CA Kumar Mukesh (Expert)
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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..

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