Depreciation on computers
Querist : Anonymous
Hello,
I want to know the rate of depreciation on computers used in business of cyber cafe.
Will it be charged @60% or @15%(as normal machinery of business)
Thank you
Querist : Anonymous
As the IT act says that the machinery used in normal course of business should be depreciated @15% but for computers it states @60%.
In cyber cafe it acts as a machinery used for running the business.
So just want a clarity on this whether 60% or 15%
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