Depreciation rate
Querist : Anonymous
i) air conditioner,
ii) refrigerator
iii) trailers
as per both Income tax Act as well as Companies Act.
refrigerator also 10 %
and for companies act rates...refer to the below mentioned link..
https://taxguru.in/company-law/rates-of-depreciation-under-the-companies-act-as-mentioned-in-schedule-xiv.html
Querist : Anonymous
Should A.C. & refrigerator be included under Plant & Machinery or Under Furnitures as per Companies Act for calculating depreciation ?
Querist : Anonymous
Querist : Anonymous
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