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rate of deprecation on Liabary book

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(Querist)
23 November 2009 Dear all
I am working in a company . please solve my problem . what is the rate of depercation on Libary book on Incomre tax
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
23 November 2009 It depends on the nature of books.. but generally its 100%
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
23 November 2009 (9) (i) Books owned by assessees carrying on a profession—



(a) Books, being annual publications 100

(b) Books, other than those covered by entry (a) above 60

(ii) Books owned by assessees carrying on business in running lending libraries 100
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
23 November 2009 agree with Mr. Aditya
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
23 November 2009 generally 100%
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