Depreciation on furniture and fixtures
This query is : Resolved
29 April 2018
In how many years offc furniture and fixtures can be written off and at what rate??
29 April 2018
10 years as per schedule II of the Companies Act,2013.
10 years, under straight line method, as per Income tax Act.1961.
10 years, under straight line method, as per Income tax Act.1961.
29 April 2018
If WDV method is followed, question of how may years does not arise because
value will not become zero at any point of time.
value will not become zero at any point of time.
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