Depriciation

depreciation rate on tally if tally purchased   ???? u mean Tally software purchased ?? 

Specify the asset whose value is below 5000
 

Yes on Tally Purchased & we have Purchased a wall clock whoose book vale is 4000

As per income tax click on this link

https://www.incometaxindia.gov.in/charts%20%20tables/depreciation%20rates.htm

for Softwares it is 50%

for clock if u can categorise it under furniture & fittings etc then 10% otherwise if it is not capital expenditure then claim it entire in p & l A/c considering as a revenue expenditure...