rate of deprecation on Liabary book
This query is : Resolved
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
I am working in a company . please solve my problem . what is the rate of depercation on Libary book on Incomre tax
23 November 2009
It depends on the nature of books.. but generally its 100%
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
(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
23 November 2009
agree with Mr. Aditya
CA Ravi Sisodia
(Expert)
23 November 2009
generally 100%
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