Dear All,
What is the depreciation rate for attendacne punch machine as per income tax & Company act.
Thanks to all
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Depreciation rate for attendacne punch machine
Replies (2)
Dear Nisha,
Attendance Punch Machine can be considered under Office Equipment .
and so u can refer Schedule 14 for the Same, for Companies Act Dep under SLM / /WDV as the case may be.
And under the Income Tax Act u can take 15% (WDV)
Regards
Ankit
| Originally posted by : ANKIT PANDYA | ||
 |
Dear Nisha, Attendance Punch Machine can be considered under Office Equipment . and so u can refer Schedule 14 for the Same, for Companies Act Dep under SLM / /WDV as the case may be. And under the Income Tax Act u can take 15% (WDV) Regards Ankit |
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