depriciation
This query is : Resolved
17 April 2009
Hi,
What should be the depriciation charged on refrigerator?
Thanks,
What should be the depriciation charged on refrigerator?
Thanks,
17 April 2009
Refrigerator will be included in the block of furniture & Fixture s well as machinery depending upon the nautre of business and use of it.
17 April 2009
Most possibly it will included in P&M and 15% depreciation will be charged as per IT.
17 April 2009
It will be traeted as a part of Plant &machinery and the rate will be 15%pa.
17 April 2009
Refrigerator shall be part of office equipments if not a part of plant and macheinery, but the dereciation rate shall be the same i.e 15%PA.
17 April 2009
15%
01 May 2009
The refrigrator is a part of the office equipments and the rate of 15% applies. I Agree with Tarun.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- Scrutiny and reopening of past returns
- Section 194JA & JB Income which ITR Form to use
- Under construction property in ITR
- PPF interest-As Exempt Income disclosure
- Building tax payment deduction in rental Income
- Upload Level ValidationITR3Category of Defect B/D
- Booth for sales promotion
- GST ON TRAVELLING BILLS
- Indian IT Portal issue in computing tax as per UK-India DTAA
- F & O PROFIT REPORTING FOR AY 2026-27
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
