Dep rate on Electrical Installation

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CA Shailesh +91 9393926464

Chartered Accountant

2061 Points Posted on 16 June 2009

Dear Friends,

What is the rate of depreciation to be charged on Electrical Installations is a matter of discussion?

Please submit your views on the rate to be applied for claiming Depreciation on Electrical Installations.

Whether, we shall treat it as P&M and apply 15%

Whether it forms part of Electrical Fittings and the rate to be apllied be 10%?

Replies (5)

Aditya Maheshwari

CA in Practice

31210 Points Posted on 16 June 2009

Furniture & fixtures is defined in appendix I of the income tax rules as "Furniture and fittings including electrical fittings [See Note 5 below this Table]" Note 5 reads as 5. “Electrical fittings” include electrical wiring, switches, sockets, other fittings and fans, etc.

Hence the same will be classified under furniture & fixtures and liable for depreciation @ 10%.

No other view is possible i guess.

tejas

student

27 Points Posted on 17 June 2009

It would be treated as furniture & fixtures. And therefore 10% deprecition can be claimed

Originally posted by :CA Shailesh +91 9393 92 6464
"	Dear Friends, What is the rate of depreciation to be charged on Electrical Installations is a matter of discussion? Please submit your views on the rate to be applied for claiming Depreciation on Electrical Installations. Whether, we shall treat it as P&M and apply 15% or Whether it forms part of Electrical Fittings and the rate to be apllied be 10%?	"