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Depreciation rate for video conferencing equipment

Bharani (finance executive ) (34 Points)

19 June 2012

Hi ,

can any one tell me what is the depreciation rate for video Conferencing equipment under wdv method or the rate of computer 33.33% can be provided for that need guidance on this .

Thanking you,

Bharani

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Patel Dhaval (Audit article) (79 Points)
Replied 19 June 2012

In income tax Act or Companies Act, depreciation for Data processing System is prescribed & Video Conferencing Equipment is not a data processing machine so you have to calculate depreciation under the rates of plant & machinery i.e. 15% as per I.T. Act & 13.1% as per companies Act.