Depreciation

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1 Points Posted on 01 January 2021

Rate of Depreciation on CCTV & Mobiles ?

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On 01 January 2021 at 02:08 Report
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Quick Summary
This discussion clarifies the depreciation rate for CCTV cameras and mobile phones. It confirms that the standard rate, as per the Income Tax Act, is 15%. This rate is generally applied to plant and machinery, which includes these types of assets.

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Chartered Accountant
24588 Points Posted on 01 January 2021
15% depreciation
1 Reply
On 01 January 2021 at 09:16
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378 Points Posted on 02 January 2021
Income tax ka rate keh rhahey
1 Reply
On 02 January 2021 at 01:39
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Chartered Accountant
24588 Points Posted on 02 January 2021
Haa 15% as per IT act
1 Reply
On 02 January 2021 at 09:08
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524 Points Posted on 02 January 2021
Yes general plant and machinery and hence 15%
1 Reply
On 02 January 2021 at 20:49
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Accountant
4533 Points Posted on 02 January 2021
It's 15%
3 Reply
On 02 January 2021 at 23:59

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