DEPRECIATION ON COMPUTER


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The Income Tax Act previously allowed a depreciation rate of 60% on computers. However, this rate has been revised downwards to 40%. This change impacts how businesses can claim depreciation on their computer assets for tax purposes.

(Querist)
30 January 2021 RATE OF DEPRECIATION ON COMPUTER

31 January 2021 60% as per income tax act.

31 January 2021 Revised rate is 40%


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