DEAR SIR
PLEASE CONFIRM ME DEPRECIATION RATE ON COMPUTER FOR F.Y. 2017-18
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Depreciation Rate on Computer
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60% AS PER ITA
Maximum Depreciation as per income tax is now 40%, hence for compuer item the depreciation also to be charged @ 40%. Till the last year it was 60%, but got amended from Finance Act'2017.
Depreciation on Computer @ 40% In FY 17-18
thanks to all
it's 40%
It's 40% for FY 17-18
Depreciation rate on computer in FY 2017-18 was 40%.
As per Income Tax Act, 1961
Depreciation rate in FY 2017-18 i.e; AY 2018-19 is 40% on computers including computer software
As per Companies Act, 2013:
Useful life of
Servers and networks is 6y and
End user devices, such as, desktops, laptops, etc. is 3y
Depreciation Rate was restricted to 40% .
For more details - CA Sachin M Jain .8O975. l5447
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Depreciation rate for Computers including computer software and laptops is 40%. A “Computer software” means any computer programme recorded on any disc, tape, perforated media or other information storage device.
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