Depriciation


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Querist : Anonymous

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Querist : Anonymous (Querist)
20 August 2014 dear Sirs,
please tell us depreciation rate on hard disk as per company act according to SLM

20 August 2014 Rate as per Companies Act 1956--

WDV-40%
SLM-16.21%
If Cost is Rs 5000/- or less you can charge it to P/L A/c.


Rate as per Companies Act 2013--

WDV-63.16%
SLM-31.67%

Rate as per Income tax Act 1961 is 60%

21 August 2014 yes rate is correct as mention by Mr Sanjay


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