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Depreciation on furniture and fixture

Sanjay H G (Auditor & Tax Consultant)   (133 Points)

13 December 2016  

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


 6 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (108161 Points)
Replied 13 December 2016

its 10% as per I T Act

Sanjay H G (Auditor & Tax Consultant)   (133 Points)
Replied 13 December 2016

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)

Sanjay H G (Auditor & Tax Consultant)   (133 Points)
Replied 13 December 2016

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)

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (108161 Points)
Replied 13 December 2016

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

Depreciation remains same as 10%

Shashank Upadhyay (Students) (288 Points)
Replied 13 December 2016

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%

 

1 Like

gopal (student) (212 Points)
Replied 13 December 2016

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

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