Depreciation rate :vaccum cleaner for business and for home

5164 views 4 replies

depreciation rate :vaccum cleaner for business and for home

Read more at: https://www.caclubindia.com/forum/create_message.asp?cat_id=

Replies (4)

As per IT act ...15% for business purpose as under furniture & fittings; Nil for home use.

Thank you for reply

one more question to all

there are two products both to be used in business. 

One is water motor for supply of water

other is pressure washer used to wash anything like cars, bikes, solar pannels etc.

though the life of water motor is more than the pressure washer since pressure water washer has higher maintenance or breakdowns

what will be depreciation on above two?

 

i  am enclosing the point where 40% rate is said because water motor installed in schools is used to supply water to water purification system and other tanks which is used to provide water for students for washing etc 

Can we term this as water supply project on micro level?

//***Machinery and plant acquired and installed on or after 1.9.2002 in a water supply project or a water treatment system and which is put to use for the purpose of business and providing infrastructure facility**//

https://www.incometaxindia.gov.in/Charts%20%20Tables/Depreciation%20rates.htm

Rates given above..

Rate is 15% in both case but disallowed in case of home use.

Hey i need to ask if robovac counts as a real vacuum cleaner, whats the procent for robovac? When can i check i mean im sorry but i do have this amount of questions and i would gladly get a reply for one at least. I own a bobsweep and this is a very important question for me

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics
Loading
Company
ARTICLESHIP 08 July 2026
Articles

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
06 July 2026
Chartered Accountant (Indirect Taxation)

Gowra Ventures Pvt Ltd

Hyderabad

CA

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details
Company
06 July 2026
Accountant

Agarwal Anoop and Associates

Noida

CA Final

View Details
Company
25 June 2026
Accounts & Taxation Executive

Dindukurthy & Associates

Hyderabad

MBA

View Details
Company
ARTICLESHIP 24 June 2026
ARTICLE ASSISTANT

BHUPINDER SHAH AND COMPANY

New Delhi

CA Inter

View Details
Company
05 July 2026
Financial Controller

NovumLake Partners

Mumbai

CA

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details