Purchase of hospital bed exp or capitalized

This query is : Resolved 

27 August 2019 DEAR SIR

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

PL SUGGEST ME

27 August 2019 Capitalize it as the life of it will be more than one year.

27 August 2019 Thank U Sir
What is the rate of depreciation sir

27 August 2019 10 % for Income tax purposes, presuming that it is classified under "Furniture
and Fittings".


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