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Depreciation rate

Ankit Agarwal (student) (73 Points)

25 March 2020

What is the rate for electrical panel board in office?

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RAJA P M ("Do the Right Thing...!!!") (127173 Points)
Replied 25 March 2020

Depreciation rate @ 10% for electrical fittings used in office...

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CA Naveen Chand (Chartered Accountant) (12729 Points)
Replied 25 March 2020

10 %

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Tax Jankari (manager) (36 Points)
Replied 27 March 2020

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.