Mandap decorator can claim depreciation?
If yes
so how much rate
MATERIAL
DJ
KAPAD.
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Mandap decorator
Replies (2)
DJ is your asset so u can claim 15% depreciation on that.
For Mandap, I think you can put that under Furniture and Fixtures category and claim 10% on that too.
For Mandap, I think you can put that under Furniture and Fixtures category and claim 10% on that too.
if organisation is sole proprietor, governing act is Income tax Act. As per Income tax act rate of depreciation on any equipment which is used in decorating a mandap is 15% and on furniture 10%.
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