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Related to depreciation rate or charge on fixed asset

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chandan pandey (Querist)

16 April 2018 Dear All

I want to know about depreciation rate or charges on fixed assets. below condition are applicable.
our firm purchase fixed asset on the month of begining of the mar-2018. we charge 1 month depreciation and how we calculate depreciation on machinery computers ac , furniture etc.
Please help all concern persons.

Thannks in advance to all .

regards
chandan
9803628536

RAJA P M

RAJA P M (Expert)

17 April 2018 If the assets is less than 180 days we will depreciate 50% of depreciate values. For Example : A Asset under 15% slab and it's cost Rs. 1lakh... We will calculate 100000*15% = 15000/2 = 7500. We will Depreciate Rs. 7500 for less than 180 days as per income tax act.

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