Depreciation on guns
This query is : Resolved
Chiranjeev Patadiya
(Querist)
25 March 2015
How to calculate depreciation on guns in case of construction business ?
25 March 2015
are they business related and used in business assets?
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Chiranjeev Patadiya
(Querist)
25 March 2015
actually used in business for security purposes in construction business.
25 March 2015
yes then depreciation can be claimed under office equipment
Chiranjeev Patadiya
(Querist)
25 March 2015
as per income tax, is it covered under furniture & fix. or plant & machinery ?
15% or 10% depre. ?
15% or 10% depre. ?
25 March 2015
https://www.incometaxindia.gov.in/Pages/charts-and-tables.aspx
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