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Depreciation rate
What is the rate for electrical panel board in office?
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Quick Summary
Depreciation rate @ 10% for electrical fittings used in office...
10 %
depreciation meaning in hindi - If you do a business or profession, then the best way for you to save income tax is to claim the expense of depreciation. Although the cost of depreciation is not the amount you spend in cash, you are still exempted from it.
But, many people are not completely clear regarding the exemptions received in the Income Tax Act of depreciation. So either they are unable to claim it or they make a wrong claim.
Under the income tax act, Rate of Depreciation is 10% for Furniture and fittings including electrical fittings
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