Purchase of hospital bed exp or capitalized

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sivakumar (Querist)
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27 August 2019 DEAR SIR

RS. 25000/- PURCHASE OF BED IN NURSING HOME WHETHER IT IS EXP OR CAPITALIZED

PL SUGGEST ME

CA R SEETHARAMAN (Expert)
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27 August 2019 Capitalize it as the life of it will be more than one year.

sivakumar (Querist)
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27 August 2019 Thank U Sir
What is the rate of depreciation sir

Bhaskaran Chackrapani Warrier (Expert)
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27 August 2019 10 % for Income tax purposes, presuming that it is classified under "Furniture
and Fittings".

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