Income tax
This query is : Resolved
01 January 2018
Dear Sir,
What is the rate of depreciation in case of tent house business, in respect of following assets.
Building shed
Shamiyana ( Pandal)
Utensils
Bamboos
Light and Light fittings
What is the rate of depreciation in case of tent house business, in respect of following assets.
Building shed
Shamiyana ( Pandal)
Utensils
Bamboos
Light and Light fittings
KAVIRAJA ADDANGADI
(Expert)
01 January 2018
You can claim 100% Depreciation on shed, Bamboos,Tent House,Lightings, if furniture and utensils exceeds above 5000/- Individual cost Depreciation can be charged @10%
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