Depreciation rates
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 March 2013
Sir,
what are the depn rates as per IT Act, on the following assets
Invertor
Battery
Software
Printers-laser
Printer - dot matrix
what are the depn rates as per IT Act, on the following assets
Invertor
Battery
Software
Printers-laser
Printer - dot matrix
15 March 2013
Printers will be treated as part of computers & depreciated @ 60%
Invertors, batteries can be treated as Plant & machinery & depreciated @ 15%
As far as softwares are concerned you need to specify the kind of software because all softwares cannot be capitalised
Invertors, batteries can be treated as Plant & machinery & depreciated @ 15%
As far as softwares are concerned you need to specify the kind of software because all softwares cannot be capitalised
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