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.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
ARTICLESHIP 24 August 2026
Chartered Accountant Articles

Rohit KC Jain & Co

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details
Company
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared

Getmyca Consultant Pvt Ltd

New Delhi

CA Inter

View Details
Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 25 August 2026
CA Article's

Saini Pati Shah & Co LLP

Mumbai

CA Inter

View Details