Depreciation rates

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 September 2012 Depreciation rates of following:
1.Fire Extinguisher
2.Filter
3.Air Compressor
4.Heater
5.Rectifier
6.Temparature Indicator
7.Turbine Blower
8.Weighing scale

21 September 2012 As per income Tax Act, depriciation rates is 15% ( i.e under plant & machinery block)

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 September 2012 Will all this assent fall under palnt and machinery block

22 September 2012 Yes Plant & machinery is the only block where these assets could be classified


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