Dear Sir,
Please assist me to provide the depreciation rates as per companies act. & IT act.for below mentioned equipments.
Air conditioner, Motor cycle, Sumo, Car, Excavator, Roller, Batching Plant, Camera, Office furnitures, Computers, Residential & office buildings, Shuttering Materials.
An early reply would be very much appreciated.
Thanks & Regards
B D REDDY.
hello sir,
As per it act
Air conditioner, Motor cycle, Sumo, Car, Excavator, Roller, Batching Plant, Camera,Shuttering Material are depreciated at the rate of 15%
Office furnitures 10%
Computers 60%
Residential building 5%
office buildings 10%
Saini Pati Shah & Co LLP, Chartered Accountants
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