depreciation rates

Rate for furniture is 10%.

p&m 15%

Computers  60%

Motor vehicles 15%

MV(Commercial)   30%

Buildings 5%

Buildings (Commercial)  10%

there is only one rate for furniturwe @ fittings- 10%

for other if u want to go in deep take the help of incometax book..........

is there is any diff rate of depn for furniture used in school as per it act ?

(other than 10 %)

hello manish

there is no diff rate for furniture  used in school b,coz there is only one rate for furniture in  it as per my knowledge

i m confuised because as per co act depn on furniture used in school is diff from other furniture

thats y i want 2 know that any  similer provisions is there in IT act

Thanks for info....

Hello Friends i am newly suscriber for this good website........ so i need some information about depreciation on UPS used for the purpose of company

Hello Sir,

Can you provide me with the information on the rate of depreciaiton i can charge on the following assets (rate prescribed under the indian  companies act) for the financial year 2007-08 :

Generator , HP printer, Microwave Oven,  Refrigerator, Colour TV, LCD Monitor,

There is also a UPS at a value of Less then Rs. 2000, can i claim a 100% depreciation on that....? if no then what is the rate of Dep. i need to apply.

Thank You... please provide with the answers as soon  as possible

Hi experts,

can anyone provide me full depreciation chart (latest) to my email id nitin.katira @ gmail.com

thanks in advance

What is depreciation rate for P&M, Furniture, Computer, Cars , Building , Office Equipment as per company act

I want information about Schudule of Balance sheet and Profit and Loss a/c as  per Accounting Standards- & information about Deprciation rate as per company act & Income tax act?

I want to know rates of Depreciation as per income tax act & indian company act. What is the main difference between income tax act & indian company act.

I want to know, we always add dep (as per company act) in PGBP and less dep (as per income tax act)in PGBP.

Please guide me

please reply