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Depreciation rate and useful life of LED Display Advertising Screen

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Trainee Accountant
39 Points Posted on 18 August 2020
1-4-19 we purchased 4 led screen amount 4 lakh each. Now i want to calculate depreciation please help.
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On 18 August 2020 at 12:39 Report
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Chartered Accountant
4524 Points Posted on 18 August 2020
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)
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On 18 August 2020 at 12:55
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Accountant
21438 Points Posted on 18 August 2020
60 as per it
40 in dep
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On 18 August 2020 at 14:01
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Chartered Accountant
86505 Points Posted on 30 January 2021

https://www.incometaxindia.gov.in/Charts%20%20Tables/Depreciation%20rates.htm

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On 30 January 2021 at 21:05


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