What is the Depreciation rate on newly installed CCTV?
Pls. hurry.
Thx
Gurmet Siingh (Chartered Accountant) (413 Points)
30 June 2009What is the Depreciation rate on newly installed CCTV?
Pls. hurry.
Thx
Yogesh Shah
(Managing Corporate Finance)
(1051 Points)
Replied 30 June 2009
Hi dude,
In my opinion dep. rate would be @ 13.91% under WDV method.
It is appropriate to include CCTV in P&M other than those for which Special rate has been prescribed.
( Anybody have different answer? - let me know. )
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