Fixed assets
This query is : Resolved
Naredla.Susmitha
(Querist)
05 July 2013
Dear sir/Mam,
One of my client is purchased office cabin for the purpose of office at site. It is useful for more than one year and it will be treat as fixed asset. Can u tell me the rate at which depreciation will calculate as per companies act & income tax act.
One of my client is purchased office cabin for the purpose of office at site. It is useful for more than one year and it will be treat as fixed asset. Can u tell me the rate at which depreciation will calculate as per companies act & income tax act.
Vivek Hebbar
(Expert)
07 July 2013
The rate of depreciation will be as applicable to the category "Furniture & Fixtures".
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