In Fixed assets as per Schedule VI, can i club 2 similar kinds of assets having 2 different rates of depreciation under the same head.
For eg.
If I have office equipment depn at 15%, and mobile with 50% depn, can I club both of them under Office Equipment for the final disclosure?
Yes, U can booked the same assets under the head "Office Equipment".
regards,
ratan
Yoy can book under the same head, but it ill be conveniet to create seperate head, so that you can segerate easily at the time of finalization of your books of accounts.
Malhotra Rajesh & Associates
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