Depreciation rate

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Chartered Accountant CS Final
82 Points Posted on 06 July 2011

What is the depreciation rate of a Generator as per companies act???

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On 06 July 2011 at 22:41 Report
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CA FINAL
115 Points Posted on 06 July 2011

Generator will be treated as plant and machinery, so apply the P& M rate.

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On 06 July 2011 at 22:44
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Financial Accountant
60 Points Posted on 07 July 2011

hi,

      The generator will be treated as plant and machinary so it  15% depraciation is applicable.

 

Regards

Harsha

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On 07 July 2011 at 00:31
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Asst. MGR Taxation
510 Points Posted on 07 July 2011

Generator will be treated as plant and machinery, so apply the pm rate i.e. exp. 13.91 (wdv, single shift) as per shift and method used by company.

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On 07 July 2011 at 00:45
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Chartered Accountant
243 Points Posted on 07 July 2011

Ms Harsha  -15% rate is according to IncomeTax Act,According to Companies  Act rate is-13.97%,.as said by Mr.Rakesh...........

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On 07 July 2011 at 20:29
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Chartered Accountant CS Final
82 Points Posted on 08 July 2011

Is 13.97%  WDV rate or SLM???

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On 08 July 2011 at 10:43
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PCC
37 Points Posted on 08 July 2011

13.97 is SLM

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On 08 July 2011 at 14:37

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