Depreciation on Air Conditioner.

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32 Points Posted on 13 December 2021
Depreciation rate on AC machine in AY 2021-22 ?
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On 13 December 2021 at 17:51 Report
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This discussion clarifies the depreciation rates for air conditioners (ACs) for the Assessment Year 2021-22 under the Income Tax Act. The rate typically stands at 15% if the AC is used as office equipment. However, if it's utilised for production purposes, the depreciation rate can be 10%. The applicable rate ultimately depends on the AC's useful life.

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Company Secretary
7085 Points Posted on 13 December 2021
Depreciation on Air conditioner as per Income tax act is 15%
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On 13 December 2021 at 18:18
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Profession
28271 Points Posted on 14 December 2021
If it is used for production purposes otherwise 10%.
If classified for office equipment 15%.
It's all depending on useful life.
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On 14 December 2021 at 07:59

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