Let me know, Depreciation rate for Microwave,AC and Referigerator used in office as per companies Act and as per Income Tax Act
Menu
Depreciation Rate
Replies (4)
As per Income Tax Act depriciation Rate is 15% for all above assets and as per companies act i attached file hare please reffer it.
Bye.
Descripttion Co. Act IT Act
A/c 13.91(wdv) 4.75(slm) 15
Refrigerator ---do--- ---do---
Microwave ---do--- ---do---
Note : General rate is applicable as if it is applicable to Plant and Machinery
@ above
that was a good collection
Thanx Hussain.
Recent Topics :
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
- Sell of CAFC books
- ITC ON RENT
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
Related Topics :
CAclubindia
