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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This discussion focuses on determining the correct depreciation rate and useful life for LED display advertising screens purchased in early 2019. The user is seeking guidance on applying the appropriate rates under the Income Tax Act, noting a potential discrepancy between older information (60%) and current amendments (maximum 40%). The provided link offers official depreciation rates for reference.

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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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