RATE OF DEPRECIATION
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 June 2010
WHAT IS THE CURRENT RATE OF DEPRECIATION ON AIR CONDITION AS PER COMPANIES ACT AND AS PER IT ACT?
26 June 2010
As per companies Act - 13.91%
As per Income tax Act - 15%
As per Income tax Act - 15%
Message likes :
2 times
26 June 2010
er companies Act - 13.91%
As per Income tax Act - 15%
As per Income tax Act - 15%
26 June 2010
Dear Manmohan
Airconditioner will fall under machinery and liable for 15% depreciation and not at the rate of computers at 60%.
Please verify your answer.
Airconditioner will fall under machinery and liable for 15% depreciation and not at the rate of computers at 60%.
Please verify your answer.
26 June 2010
AGREE WITH ADITYA JI RATE OF DEPRECIATION ON AIR CONDITONER AS INCOME TAX IS 15%
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation of fixed assets- coop housing society in mumbai
- TDS on Consultancy- Non DTAA
- Reopen of assessment proceeding
- EPF FULL & FINAL RULES IN 2026
- Rental income gst and it purpose
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
