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saloni (Querist)
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05 May 2014 under salary head in perquisite "transfer of movable asset " what is the value which is taable cost less dep. or dep. de

Rupesh Jain

Rupesh Jain (Expert)
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05 May 2014 depreciation rate are given in act.

electronics items /computer @ 50% of wdv
motor car @20% of wdv

any other @ 10% of cost

for each complete year deprecation will be deducted and amount received from employee after that bal amount will be taxable is employee hand.

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