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Depreciation rate as IT act

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193 Points Posted on 10 March 2023
pls tell me the depreciation rate for Tyre Changer machine and Air compressor.
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On 10 March 2023 at 22:17 Report
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CFO- at NHTF
58280 Points Posted on 11 March 2023
You may use 15%
59 Reply
On 11 March 2023 at 08:47
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GST Practitioner & Accounts
15085 Points Posted on 11 March 2023
You will get all depreciation rates , in Income Tax rules 1962 ( in Forms section ) . refer rule book amended till date.
24 Reply
On 11 March 2023 at 08:52
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SEO Sai Gr. Hosp.
211604 Points Posted on 11 March 2023

As per income tax act it will fall under plant and machinery having depreciation rate of 40%.

581 Reply
On 11 March 2023 at 08:55
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Profession Business
28202 Points Posted on 14 March 2023
Why do you want depreciation rate differentials?
44 Reply
On 14 March 2023 at 10:03


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