Depreciation

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B.COM MBA CWA Inter
401 Points Posted on 31 August 2011

what's the depreciation rate on ELECTRIC PANEL as per income tax?

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On 31 August 2011 at 16:34 Report
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sr. executive
133 Points Posted on 31 August 2011

As per Income tax Act,   ELECTRIC PANEL  is part of Plant & machimery  so rate of depreciation that is apply is 15%.

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On 31 August 2011 at 17:15
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B.COM MBA CWA Inter
401 Points Posted on 31 August 2011

quarry solved

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On 31 August 2011 at 17:24
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CA IN PRACTICE
16719 Points Posted on 31 August 2011

15%                                              

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On 31 August 2011 at 18:33

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