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dep rate for ind or huf for audit
max 40% or actual rate
Replies (3)
Hi,
Assuing that you are asking the rates of Depreciation for Individual and HUF, then it has been clarified that the Actual rates as per Companies Act, 2013 are to be used for Audit purposes.
Whereas, the rate of Depreciation is restricted to a maximum of 40%, for calculating depreciation as per Income Tax Act, 1961 for tax calculation purposes.
Do let me know, in case there is a detailed question regarding this.
computer 60% or 40%
As per Companies Act, 2013
| (XII) Computers and data processing units [NESD] | Useful Life | Rate (SLM) | Rate (WDV) |
| (a) Servers and networks | 6 | 15.83% | 39.30% |
| (b) End user devices, such as, desktops, laptops, etc. | 3 | 31.67% | 63.16% |
As per Income Tax Act, 1961, Rate @ 40%.
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