hi ,
I am really confuse about-
'Depreciationon on liabrary books'
1 As per income tax rule
2 As per companies act
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Depreciation on liabrary books
Replies (1)
Depreciation rates for books under I tax are as per under :
For professionals:
Annual Publications 100%
Other than annual 60%
For Library Business 100%
Under Companies Act
On WDV Method: Charge depreciation @ 100% if the individual cost of a book is less than Rs. 5000/- otherwise @ 13.91%
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