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difference in Depriciation u/s 32(1)(i) and u/s 32(1)(ii)

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Querist : Anonymous (Querist)
28 June 2011 What is the difference between Depriciation u/s 32(1)(i) and U/S 32(1)(ii) for the purpose of Income Tax Return-4

28 June 2011 First one is Depreciation for Tangible assets i.e Building, Furniture , Plant etc.,

Second one is Intangible assets i.e Copyrights, Patents, Trade mark etc. @ 25% fixed.



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