WOOD FLOWER VASE


This query is : Resolved 

Quick Summary
This discussion clarifies the depreciation rate for a wood flower vase according to the Income Tax Act 1961. It is confirmed that such items fall under the 'Furniture & Fixtures' category and are eligible for a 10% depreciation rate.

01 March 2022 Dear All,

What is the depreciation rate of Wood Flower Vase & in which head it comes (Eg : Furniture & Fixtures)?

Rate need as per Income Tax Act 1961


Thanking you

01 March 2022 Depreciation Rate as per IT act ... 10% on Furniture & Fixtures

01 March 2022 Consider it under furniture and fittings charge 10% depreciation under income tax.

02 March 2022 Thank you sir, for your reply.


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