Menu
Depreciation rate as IT act
pls tell me the depreciation rate for Tyre Changer machine and Air compressor.
Replies (4)
Quick Summary
You may use 15%
You will get all depreciation rates , in Income Tax rules 1962 ( in Forms section ) . refer rule book amended till date.
As per income tax act it will fall under plant and machinery having depreciation rate of 40%.
Why do you want depreciation rate differentials?
Recent Topics :
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
- Why are foreign investors suddenly buying Indian s
- TDS ON IMMOVABLE PROPERTY - PURCHASE FROM NRI &
- Query to Tax Garden tax consultant
Related Topics :
CAclubindia
