SDR ASSOCIATES 20 August 2020
Deepak Gupta (CA Student) 20 August 2020
| Originally posted by : SDR ASSOCIATES | ||
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what is the depreciation rate for factory building for the fin year 2019-20 |  |
10%
Himanshu (Student CA Final ) 21 August 2020
Rate as per Income Tax Act is 10%, for Companies Act rate is based on useful life , refer schedule II of companies act for the same.
GNYANA UPANISHAD 22 August 2020
For buildings which are not mainly used for residential purposes and at the same time not a temporary erection, not a building used for providing water supply or water treatment systems, we need to depreciate @ 10%
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