Menu
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
Recent Threads
- RCM List on GST
- Resignation of Previous Auditor
- Summary of GST Notification 18/2025 (Effective 1 N
- Heard & Seen Around – Your Daily Economi
- ITC restriction for Food manufacturing units
- Consortium Partnership: GST and TDS query
- Luxury premium car - Lease or Loan
- Income tax act 40 A (3)
- Transmission of deceased's shares in physical form
- Shall I pay GST payment for unkonwnly cancelled in
Related Threads
CAclubindia
