Dear All,
What is the depreciation rate for attendacne punch machine as per income tax & Company act.
Thanks to all
Menu
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 |
 |
Recent Topic
- While e filing otp not generating
- INCOME FROM CLOSING OF NSS -1992 -EXEMPT UNDER W
- GPF AND COMMUTED PENSION RECEIVED
- How do I choose the correct trademark class? Can I
- Error in totalling salary amount in AIS
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
- Need CA to certify shareholding pattern.
- Ltcg savings
Related Topics
CAclubindia
