What would be classification and rate of depreciation for Air conditioner (installed in office) under companies Act?
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 23 December 2020
Furniture @ 10% under IT ACT– Any furniture / fittings including electrical fittings and air conditioners
Under companies act- you have to calculate yourself. Or else follow these rates and I will choose my depreciation rate or this depending upon which ever is high (there is no guideline)
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