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?
Aditya Maheshwari
(Expert)
26 June 2010
As per companies Act - 13.91%
As per Income tax Act - 15%
As per Income tax Act - 15%
Message likes :
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Manmohan ACA, CS
(Expert)
26 June 2010
er companies Act - 13.91%
As per Income tax Act - 15%
As per Income tax Act - 15%
Aditya Maheshwari
(Expert)
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%
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