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depriciation

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(Querist)
17 April 2009 Hi,

What should be the depriciation charged on refrigerator?

Thanks,
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Sourabh

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Sourabh (Expert)
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.
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
17 April 2009 Most possibly it will included in P&M and 15% depreciation will be charged as per IT.
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CA.ViVeK M ACA

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CA.ViVeK M ACA (Expert)
17 April 2009 It will be traeted as a part of Plant &machinery and the rate will be 15%pa.
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CA.Tarun Maheshwari

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CA.Tarun Maheshwari (Expert)
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.
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Manmohan ACA, CS

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Manmohan ACA, CS (Expert)
17 April 2009 15%
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taxindiaconnect

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taxindiaconnect (Expert)
01 May 2009 The refrigrator is a part of the office equipments and the rate of 15% applies. I Agree with Tarun.
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