Dear All we have purchased a wooden sofa rs 21,000, so i want know how to show in assets, what rate of depreciation.
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(193928 Points)
Replied 29 January 2017
Office furniture. 10% as per IT act.
Mukesh Kumar
(Accounts Manager)
(1466 Points)
Replied 29 January 2017
DEAR SIR, ,,,,,,,,,,,,,AGREE WITH SIR,,BUT IF YOU HAVE USED SOFA IN THE COURSE OF YOU BUSINESS , THAN YOU SHOULD CLAIM DEPT. OTEHRWISE DO NOT CLAIM
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