Depreciation rates

PLEASE TELL THE DEPRECIATION RATES AS PER INCOME TAX ACT ON THE FOLLOWING

1.WATER COOLER

2.AIR CONDITIONER

3.MUSIC SYSTEM

4.AC STABILIZERS

PLEASE REPLY SOON...

THANX IN ADVANCE

Replies (4)

ONE MORE QUERY....A BUILDING WAS BEING CONSTRUCTED AND GOT COMPLETED AT YEAR END. IF IT  WAS BEING CONSTRUCTED THROUGHOUT A YEAR(I.E. PAYMENTS HAD BEEN MADE THROUGHOUT THE YEAR) AND WAS BEING USED AS AND WHEN READY; HOW WILL WE CHARGE DEPRECIATION ON IT...???

WATER COOLER - 10% FURNITURE

AIR CONDITIONER - 10% FURNITURE

MUSIC SYSTEM - 15% OFFICE EQUIPMENT

AC STABILIZER - 10% FURNITURE

 

ARE YOU SURE ABOUT MUSIC SYSTEM?? 15% OR 60%

AND INVERTOR WILL BE DEPRECIATED AT 10% OR 15%

WHAT ABOUT UPS...I THINK IT WILL BE CONSIDERED AS COMPUTER PERIPHERAL AND DEPRECIATED AT 60%.... PLEASE PROVIDE ME THE CORRECT ANSWERS URGENTLY.. THANKS IN ADVANCE.

If u r taking Music system in computer peripherals then 60% if u take it in Office equipments then 15%. Inverter - Off Equip - 15% and if u have taken ups in comp peri then 60% if in off equi then 15%. Do thank me if this was helpful.

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