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