depreciation on cctv


This query is : Resolved 

04 April 2011 bank charged depreciation on cctv @ 33.33% slm method it is correct?

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

05 April 2011 These are as per RBI norms


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