What is the rate of depreciation for Mobile Office. Mobile Office is a temporary office used at Construction Sites (furnished office with airconditiner inside a container (old))
What is the rate of depreciation for Mobile Office. Mobile Office is a temporary office used at Construction Sites (furnished office with airconditiner inside a container (old))
As you say it is well furnished with A C inside so by nature it is permanent thats why it will be treated as normal office only and it should be depreciated as per normal rates i.e 5%
Dear Ramesh,
Dep can be claimed @ 100%
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I. Building [See Notes 1 to 4 below this Table] |
|
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(1) Buildings which are used mainly for residential purposes except hotels and boarding houses |
5 |
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(2) Buildings other than those used mainly for residential purposes and not covered by sub-items (1) above and (3) below |
10 |
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(3) Buildings acquired on or after the 1st day of September, 2002 for installing machinery and plant forming part of water supply project or water treatment system and which is put to use for the purpose of business of providing infrastructure facilities under clause (i) of sub-section (4) of section 80-IA |
100 |
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(4) Purely temporary erections such as wooden structures |
100 |
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Yes Agree with Amir Bhai............
Depreciation can be claimed at 100% .......
you can claim 100% Depreciation
we can claim 100% depreciation only for Building part as temporary nature even AC fitted with Building.
We can't say it is permanent building because of AC fitted with building.
with regards,
CMA.Baskar.V
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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