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depreciation on cctv

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(Querist)
04 April 2011 bank charged depreciation on cctv @ 33.33% slm method it is correct?
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CA.SHAHZAD SAYYED

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CA.SHAHZAD SAYYED (Expert)
04 April 2011 Dear
As per Income Tax Act it should be 15% on WDV method,but some time Banks HO direct the Branch to do so however when we Audit the Bank A/c we should see the HO directives and should report accordingly
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Manmohan ACA, CS

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Manmohan ACA, CS (Expert)
05 April 2011 These are as per RBI norms
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