Can anyone suggest,whether we should take electronic appliances such as T.V.,Fridge,Music System,DVD Player under furniture or plant and machinery for depriciation purpose under IT Act and in which slab rate.
Can anyone suggest,whether we should take electronic appliances such as T.V.,Fridge,Music System,DVD Player under furniture or plant and machinery for depriciation purpose under IT Act and in which slab rate.
According to me ,they should be taken under the head Plant & machinery and Depreciation should be calculated @ 15 %
yes , its Covered under Block 5 of Plant & Machinery and rate is 15%
its clearly define under block 5 that any plant or machinery not covered other block would be covered under block 5
Yes , they will be taken under 15% Block.
Shaswat initial support private limited
Ahmedabad
CS
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Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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CAclubindia
