DEAR SIR WHAT IS THE DEPRECIATION ON FURNITURE AND FIXTURES (ITS 2% OR 10% OR 1% )PLEASE INFORM ME
Sanjay H G (Tax Consultant) (134 Points)
13 December 2016DEAR SIR WHAT IS THE DEPRECIATION ON FURNITURE AND FIXTURES (ITS 2% OR 10% OR 1% )PLEASE INFORM ME
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160332 Points)
Replied 13 December 2016
its 10% as per I T Act
Sanjay H G
(Tax Consultant)
(134 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
(Tax Consultant)
(134 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.)
(160332 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%
gopal
(student)
(212 Points)
Replied 13 December 2016
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