what's the depreciation rate on ELECTRIC PANEL as per income tax?
Parmod Rawat (B.COM,MBA,CWA Inter) (401 Points)
31 August 2011what's the depreciation rate on ELECTRIC PANEL as per income tax?
CA Ankur Goel
(sr. executive)
(133 Points)
Replied 31 August 2011
As per Income tax Act, ELECTRIC PANEL is part of Plant & machimery so rate of depreciation that is apply is 15%.
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
CAclubindia
