Can any one help me with depreciation rates for the following items
1)Equipments and Machines
2)Decorations(paint,carpeting etc)
3)Furniture and fixtures
4)Computers
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Depreciation rates
Replies (2)
Depreciation Rate as per Income Tax Act
1. Equipments and Machines @ 40%
2. Decorations(paint,carpeting etc) - It should be booked as expenses.
3. Furniture & Fittings @ 10%
4. Computers @ 40%
Ok sir, thank you so much
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