Depreciation on furniture and fixture

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DEAR SIR WHAT IS THE DEPRECIATION ON FURNITURE AND FIXTURES (ITS 2% OR 10% OR 1% )PLEASE INFORM ME

Replies (6)

its 10% as per I T Act

DEAR SIR 

 OFFICE RENT IS 55000 NAD FURNITURE AND FIXTURES SEPARATES RENT 25000/- ,

OFFICE RENT IS 10% DEP AND WHAT IS THE DEP ON FURNITURE AND FUXUTERS (OFFICE EQUEPMENTS)

DEAR SIR 

 OFFICE RENT IS 55000 NAD FURNITURE AND FIXTURES SEPARATES RENT 25000/- ,

OFFICE RENT IS 10% DEP AND WHAT IS THE DEP ON FURNITURE AND FUXUTERS (OFFICE EQUEPMENTS)

I think you are confused with TDS rate of 2%.!!!

Depreciation remains same as 10%

Depreciation and rent...both are nature of indirect expenses.... Which have no link with each other... 

TDs on office rent is 10%

TDS on furniture rent is 2%

 

rent is yearly?? more probably it is monthly??


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