depreciation rate
This query is : Resolved
21 July 2008
what is the depreciation rate on printers & Fax Machine.
21 July 2008
15% of the value
21 July 2008
15% as per IT Sec 32 of the Income Tax Act1961.
16.21 % As per Company Act for Printer & 4.75 For Fax Machine.
16.21 % As per Company Act for Printer & 4.75 For Fax Machine.
01 August 2008
The correct rates of depreciation are as per under:
Printer : Co Act... 40%(WDV) 16.21%(SLM)
: I.Tax.... 60%(WDV)
Fax : Co Act. 13.91%(WDV) 4.75%(SLM)
: I.Tax.... 15%(WDV)
Printer : Co Act... 40%(WDV) 16.21%(SLM)
: I.Tax.... 60%(WDV)
Fax : Co Act. 13.91%(WDV) 4.75%(SLM)
: I.Tax.... 15%(WDV)
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