Rate of depreciation on purchase of flexi sign boards
This query is : Resolved
20 December 2021
our company purchased flexi sign baords for disply of name outside the office premisses.we request you please provide us under which category of asset it comes and rate of depreciation as per companies act as well as income tax act.
B Sathyanarayanan
(Expert)
21 December 2021
Kindly group it under office equipments and rate as per SLM will be 12.77% and as per Income tax act will be 40% .
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