Depreciation rate

879 views 2 replies

One of my Client is engaged in the Carton Manufacturing Industry. The production is done on a Job basis from various industries etc as per their requirements. All these industries need cartons for their finished products alongwith their logos and name printed on these cartons. For this Purpose , my client has purchased various printing blocks from the printing blocks manufacturer for the respective designs/logos/names , etc. Now I want to know that whether these printing blocks are in the nature of Fixed Assets or not and if , then what is the rate of Depreciation as per Income Tax Act. 

Replies (2)

i'm not sure but i should be included in machinery with 15% rate

You can show them as fixed assets - plant & m/c rate 15%

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 07 July 2026
Articleship

Jawahar and Associates Chartered Accountants

Hyderabad

CA Inter

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details
Company
25 June 2026
Accounts & Taxation Executive

Dindukurthy & Associates

Hyderabad

MBA

View Details
Company
05 July 2026
Financial Controller

NovumLake Partners

Mumbai

CA

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
ARTICLESHIP 30 June 2026
Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 30 June 2026
Article Assistant or Paid Assistant

VIKAS VERMA & CO

New Delhi

Others

View Details
Company
25 June 2026
AUDIT MANAGER

JDAS & ASSOCIATES

New Delhi

CA

View Details