Depreciation

Follwing are the Depreciation rate as per Income Tax Act, 1961:-

Camera - 15%

Furniture & Fixtures - 10%

Regards,

Devendra K

hey devendra,

Camera you say is a plant and machinery??

depends on what business you have for a photo grapher its obuisly a plant and machine, but for others it is a elctronic item which also falls under plant and machine only unfortunatly so no diffrence 15% only. furniture as usual 10%

agree with Mr.Nimit Mehta

Camera will b chargeable at - 15%

Furniture & Fixtures will b chargeable at - 10%

AGREE WITH RITIKA CHHABRA

Digital camera comes on the category "Plant & Machinary" and deprication rate as per Income Tax Act 1961 is 15% PA.

camera @ 15%

furniture @ 10%

Camera 15%

furniture 10%

Depreciation rate as per Income Tax Act, 1961:-

Camera @ 15%

Furniture & Fixtures @ 10%

Depreciation for Camara @ 15% (treating it as Plan & Machinery)

Depreciation for Furniture & Fixture @ 10%.

on camera depn rate wil b - 15%

n on furniture - 10%