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Depreciation on following products

obalreddy (accountant) (282 Points)

23 August 2011

Dear All

Please give The Following Products Deperation %.

Computers

Land & Buldings

Mishionary

Furniture

Electrical Lights & Telephone

Ac Mishion, Air Cooler

Cool Water Dispecnary

Moter vehical

Moter car

Lorry & Auto

For the above product Deperation on the % for the finance year 2010-11, and 2011-12

Please give the above information.

Thanking you

G.O.REDDY

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8 Replies

Sanat kumar (Chartered Accountant) (265 Points)
Replied 23 August 2011

Computers 60%

Buildings 10% or 5%

Machinery 15%

Furniture 10%

Electrical Lights & Telephone 15%

Ac Mishion, Air Cooler 15%

Cool Water Dispecnary 15%

Moter vehical 15%

Motor car 15%

Lorry & Auto 15%

(Guest)

Originally posted by : Sanat kumar
	Computers 60% Buildings 10% or 5% Machinery 15% Furniture 10% Electrical Lights & Telephone 15% Ac Mishion, Air Cooler 15% Cool Water Dispecnary 15% Moter vehical 15% Motor car 15% Lorry & Auto 15%

agreed with sanat

CS,CA F,Numrologi TusharSampat (CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert) (85930 Points)
Replied 23 August 2011

First of all in question its not clear its required for Incometax purpose or companys act purpose as in both the acts rate of dep is different.So clearify it.

Vandana Mulchandani (Finance Manager ) (9227 Points)
Replied 23 August 2011

Depreciation as per IT Act is as follows :-

Computers 60%
Buildings (other than residential purpose) -10% or Residential Purpose - 5%
Machinery 15%
Furniture 10%
Electrical Lights & Telephone 15%
Ac Mishion, Air Cooler 15%
Cool Water Dispecnary 15%
Motor vehicle 15%
Motor car 15%
Lorry & Auto 15%

Depreciation as per Co's. Act is as follows :-

Computers 40% (wdv) 16.21%(slm)
Buildings (other than residential purpose) -10% (wdv) 3.34% (slm), or Residential Purpose - 5%(wdv) 4.63 % (slm)
Machinery 13.91%(wdv), 4.75% (slm)
Furniture 18.1%(wdv) 6.33%(slm)
Electrical Lights & Telephone 13.91%(wdv), 4.75% (slm)
Ac Mishion, Air Cooler 13.91%(wdv), 4.75% (slm)
Cool Water Dispecnary 13.91%(wdv), 4.75% (slm)
Motor vehicle 25.89% (sdv) 9.50%%(slm)
Motor car 25.89% (sdv) 9.50%%(slm)
Lorry & Auto 30% (wdv) 11.31% (slm)

Sanket (!..Live to Give..!) (16427 Points)
Replied 23 August 2011

Originally posted by : Vandana Mulchandani
	Depreciation as per IT Act is as follows :- Computers 60% Buildings (other than residential purpose) -10% or Residential Purpose - 5% Machinery 15% Furniture 10% Electrical Lights & Telephone 15% Ac Mishion, Air Cooler 15% Cool Water Dispecnary 15% Motor vehicle 15% Motor car 15% Lorry & Auto 15% Depreciation as per Co's. Act is as follows :- Computers 40% (wdv) 16.21%(slm) Buildings (other than residential purpose) -10% (wdv) 3.34% (slm), or Residential Purpose - 5%(wdv) 4.63 % (slm) Machinery 13.91%(wdv), 4.75% (slm) Furniture 18.1%(wdv) 6.33%(slm) Electrical Lights & Telephone 13.91%(wdv), 4.75% (slm) Ac Mishion, Air Cooler 13.91%(wdv), 4.75% (slm) Cool Water Dispecnary 13.91%(wdv), 4.75% (slm) Motor vehicle 25.89% (sdv) 9.50%%(slm) Motor car 25.89% (sdv) 9.50%%(slm) Lorry & Auto 30% (wdv) 11.31% (slm)