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Depreciation rate and useful life of LED Display Advertising Screen
1-4-19 we purchased 4 led screen amount 4 lakh each. Now i want to calculate depreciation please help.
Replies (3)
60% as per I. T. act.But maximum Depreciation as per income tax is now 40%, hence depreciation is to be charged @ 40%. (Amended from Finance Act'2017)
60 as per it
40 in dep
40 in dep
https://www.incometaxindia.gov.in/Charts%20%20Tables/Depreciation%20rates.htm
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