Easy Office
LCI Learning

Depreciation rate as per companies act -urgent

This query is : Resolved 

11 November 2011 Hi

My client is a pvt ltd Co is in service industry which has purchased a guest house for official use. While purchasing the house each and every small item present in the house was purchased by the Company which will be valued on wdv. These items also cover Household items which will be used for office welfare purpose. Can any one please guide me what will be the rate of depreciation on Cutlery sets and Curtains assumig the value of individual items are above 5000/-. Its urgent

12 November 2011 For depreciaton rates

http://taxguru.in/company-law/rates-of-depreciation-under-the-companies-act-as-mentioned-in-schedule-xiv.html

you may group this cutlery sets and curtains under office equipments and charegd the rates of depn as 13.91%



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries